If you’re like most small business owners, there are never enough hours in the day to complete every task on your list. Often you’re faced with prioritising what you need to do right now – deal with a customer, meet a deadline, attend an event – and the things you know you should do for the ongoing growth of your business. Scheduling time to attend to these business activities on…  Read more

Managing cash flow is a vital part of running a successful business. Some business owners think managing cash flow simply means keeping track of how much money enters and leaves their business, but there’s actually more that goes into it. Cash flow forecasting, for example, is an incredibly valuable tool that helps you anticipate cash flow issues, plan for days when your cash flow is limited, and show the bank…  Read more

  Wondering what to do if you don’t meet the Basic Decline in Turnover Test requirements for JobKeeper? The ATO has released its guidelines for the Alternative Decline in Turnover Test  which are available now on the ATO website. In an effort to simplify the guidelines, we’ve summarised the rules for the test in this article. It’s important to note, the alternative test only applies when an entity fails the…  Read more