Financial Planning

Four tax changes to consider before 31 March

Ensure you’re up to date before filing your EOFY returns. #1: Income tax thresholds Effective from 31 July 2024, personal income tax thresholds changed. Composite rates to account for this applied for the income year to 31 March 2025. – 10.5% applies up to $15,600 (previously $14,000) – 17.5% applies from $15,601 to $53,500 (previously […]

What are your business goals for the year ahead?

The beginning of a new calendar year is an excellent time to review last year and reflect on what worked, what didn’t, what you’d like to change and new things you want to implement. Take the time to review the year and acknowledge all that has happened, good, bad or indifferent. Examining the year with […]

Planning for seasonal dips in income

Seasonal dips in income can be highly challenging when you’re a small business. But there are proactive ways to predict, plan for and overcome these dips in revenue. The key to dealing with seasonal dips is to know when they’re most likely to occur, and to have measures in place to spread your income and […]

Keep cash crowned as king

If you want to succeed in business, understand that cash is king. Your business won’t survive without it. The following six takeaways are essential for business success: Protect your cash position, by knowing what it is. Build a cash flow statement and always keep it up to date. If you foresee a shortfall, start at […]

Understanding your revenue drivers

For your business to make money, you need to generate revenue. You produce revenue through your usual business activity, by making sales, getting your invoices paid, or taking cash from paying customers. So, the better you are at selling your products/services and bringing money into the business, the higher your revenue levels will be. But […]

Cash flow forecasting – stay ahead of the game

There are so many priorities in the working day, it can be hard to stay focused on what’s happening with your business cash flow. We all know the basics: if your business runs out of cash it won’t be able to operate. And if you aren’t able to spot trends and possible bottlenecks ahead, it […]