Business Finance

8 ways to increase your business cash flow by Sophia Auld – journalist Cash flow is a key driver of business success, but also a top source of stress for business owners. According to Xero’s July 2022 Crunch: Cash flow challenges facing small businesses report, 92% of Australian small businesses experience at least one negative […]

Cashflow management in uncertain times By Josh Alston – journalist SMEs are the lifeblood of the economy, accounting for 98 per cent of all Australian enterprises and more than 68 per cent of all employment in the private sector. They are also the backbone of many communities, providing essential goods and services. However, SMEs face

Get up to speed on changes to the Superannuation Guarantee by Zilla Efrat – journalist Two key changes to the Superannuation Guarantee (SG) came into effect on July 1 and require action from your business. Firstly, the SG rate rose from 10.0% to 10.5% and is scheduled to increase by 0.5% each year to 12%

How rising interest rates will impact your business By Richard Holdcroft – journalist The era of cheap money is over, and businesses large and small will now need to pay much closer attention to their cost of capital going forward. Australia’s last rate rise before May 2022 was in 2010, and today an entire generation

Planning to sell your business? Get your finances in shape for a successful sale by Sophia Auld If you’re thinking about selling your business within the next few years, some planning can support a successful sale. Following these money management tips in the lead up can boost your chances of finding a buyer and achieving

Set up for success: 7 money management basics for building a sustainable, profitable business by Sophia Auld – journalist If you’re starting out in business, you may have heard some less-than-encouraging figures about your chances of success. For example, statistics from the 2020 Australian Small Business and Family Enterprise Ombudsman’s report show roughly one in

The top 5 reasons SMEs fail to reach revenue targets by Sophia Auld – journalist If it looks like your business won’t meet 2022 revenue targets, you’re not alone. Figures from the latest SME Growth Index report, produced by Australia’s leading non-bank business lender ScotPac, show just under half (46%) of the 700 plus SMEs

What the ATO is focusing on in this year’s tax return by Zilla Efrat Four key areas are set to come under the Australian Taxation Office’s microscope this tax season: record-keeping, work-related expenses, rental property income and deductions, and capital gains from cryptocurrency assets, property and shares. But the ATO has also warned taxpayers to

What’s behind our national construction crisis? By Zilla Efrat Australia’s building industry is in crisis with a wave of companies going into administration and more are expected to fall. Companies such as Probuild, Condev, New Sensation Homes, Home Innovation Builders, Privium, Hotondo and Pindan have been placed in administration. And as they fall, some of

How to Value a Business to Get a Good Deal Business valuation is a process where the economic value of a company unit or business is determined through a number of different means. Creating an accurate business valuation is critical to ensuring that both sides of an eventual sale are getting a fair deal, or