In Part 1 we looked at the scary, but meaningless, statistics around cashflow and business failure and answered the question how much cash is enough cash. In Part 2 we are going to take a more detailed look at the specific actions that result in cashflow shortfalls with businesses and what actions you can take to avoid becoming part of this atrocious statistic.

Discover how to determine the right cash flow for your business. Learn practical strategies to manage finances and maintain stability.

Transferring business cash to a personal offset account can cause tax issues. Learn the risks and how to manage business funds properly. Avoid mistakes and protect your finances.

Ensure you claim your superannuation deduction correctly. Learn the key steps to maximize your tax benefits and avoid missing out.

Stay on top of key tax changes for 2022. Learn what’s new, what deductions you can claim, and how to prepare for a smooth lodgment.

I was recently asked to speak at a mortgage brokers conference about the top 5 trends that accountants are seeing in the property market.

Failing to understand your business numbers can lead to costly mistakes. Learn why financial awareness is crucial for growth and stability. Take control and make informed decisions.

Understand the COVID-19 business grant for NSW businesses. Learn eligibility criteria, how to apply, and key deadlines. Access the support your business needs.

Discover the latest NSW lockdown support available for businesses. Learn about grants, financial aid, and how to navigate the challenges effectively.

Stay updated on key tax and business changes from 1 July 2021. Learn how these updates impact your business and what to do next.

Discover how to choose the best business structure for your needs. Explore the pros and cons of companies, trusts, and sole traders. Make informed decisions for your business.

Accounting Heart celebrates 5 years of empowering businesses with expert financial guidance. Join us as we reflect on our journey and future plans!

Prepare for the end of the financial year with these essential tasks. Maximize deductions, manage cash flow, and stay compliant. Take action before 30 June.

Discover five effective ways to pay yourself from your company. Learn about salaries, dividends, and other methods to manage your business income.

Learn what qualifies as a personal services business and how it affects your tax obligations. Understand the rules and ensure compliance.

Personal Services Income (PSI) applies to certain business earnings. Learn what PSI is, how to determine if you earn it, and its tax implications. Stay compliant and informed.

Leaving profits in your company can lead to tax risks. Explore potential pitfalls and smarter ways to manage your business earnings. Protect your profits and stay compliant.

Understand the differences between dividends, bonuses, and director’s fees. Learn which option suits your business and tax situation best.

Discover how combining the benefits of companies and discretionary trusts can enhance asset protection, wealth creation, and tax management for your business. Explore our case study on Liam and Adele to understand how strategic structuring can support ambitious business and investment goals.

Explore our case study on effectively utilizing Division 7A loans to fund personal expenses, such as home renovations, by borrowing from your company. Learn how strategic planning can help you avoid unexpected tax liabilities and maximize financial benefits.