Key points Businesses focusing only on sales and profit risk collapse without strong cashflow to cover wages, rent, tax, and other immediate expenses. Cashflow can be improved by invoicing promptly, shortening payment terms, and ensuring invoices meet client requirements to avoid delays. Use automation tools like Xero to send reminders and follow-ups, helping reduce overdue […]
Key points Lateral hires support succession and a CFO is often uniquely placed to step up as CEO Making the jump can minimise business disruption, retain business knowledge and leverage relationships Team trust, an ability to influence and broad business knowledge can ready a CFO for the top job In a dynamic talent market it’s […]
Key points Choose a strategy based on goals, risk appetite, and business stage. Use superannuation and family trusts for tax-effective wealth building. Protect wealth with estate planning and key insurances like income and business protection. If you are a business owner looking to create wealth you need to have the appropriate strategy before deciding on […]
As the likelihood of redundancies rises, businesses should consider how to mitigate the impact internally and externally.
On January 12 2024, the Treasury released its draft legislation Climate-related financial disclosure. This is a significant (and costly) reform to implement the Government’s commitment to provide Australians and investor with greater transparency.
In June 2023, legislation containing new thin capitalisation rules from 1 July 2023 was introduced into Parliament.
After first being released as exposure draft legislation in March 2023, the new thin capitalisation interest limitation rules have undergone several round of updates but are still not law.
Businesses considering Copilot for potential productivity gains should factor that cost is a significant challenge.
Key points Know your cash flow position to avoid financial surprises and maintain control. Use forecasting tools and regularly review your cash inflows and outflows. Build a cash reserve and manage receivables proactively to stay resilient. The most successful small businesses know their cash flow position and cycles while those that don’t often run into […]
Consumer sentiment remains in the doldrums, yet the latest feedback from the mid-market business community is that they remain broadly optimistic for the future. Newly updated ANZ-Roy Morgan consumer sentiment data shows 53% of respondents say their family is worse off now than they were 12 months ago, while just 8% are anticipating ‘good times’ […]
Thank you for you interest