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As 30 June draws closer, we’re almost at the end of the financial year. Yet this time is about more than just filing your taxes. It’s the perfect opportunity to tidy up your finances and review your operations or take advantage of ways to maximise savings and spending. With a focus on SMEs and business owners, here are some top tips for EOFY 2022.
If you run a small business, you probably spend a lot of time thinking about profit. How much did you make? Is it up on the previous year? What do you need to sell to increase it? To get you started, we’ve taken a look at why cash flow could be key, and debunked some of the most common myths about profit.
Cashflow is the lifeblood of any business. Poor cashflow can force even the most successful businesses into insolvency, so it’s essential that you manage yours effectively. If you have a business or are thinking about starting one, read on to find out how cashflow management can help your business succeed. It doesn’t take long or cost much to implement these tips and improve your business cashflow.
Small business owners will, without doubt, be used to dealing with unexpected costs, operational failures or even essential income being delayed. For all these reasons and many more, cash flow is paramount. A healthy level of cash flow allows small businesses to ensure operations are maintained efficiently with no interruptions.
With most businesses just re-opening thinking of tax obligations, either personal or business related may not have been top priority. However, with BAS lodgement due in just a few days, now is the time to ensure you’re fully prepared as you will be required to lodge your quarterly BAS.
A short term business loan is a great option for your business if you need a quick cash injection to help you grow your business, invest in an exciting opportunity or even a little extra cash flow. Unlike traditional business loans, short term business loans are often paid off in a few months or up to 3 years. If you’re considering business financing, there’re 5 benefits you need to know about short term business loans.
