#businesshealth

Tax and cash flow planning: Your blueprint for a strong 2025

A new tax year is a chance to strengthen your financial foundation and optimise cash flow. Smart planning now can set your business up for long-term success. 1. Get Tax-Ready is one of the smartest ways to strengthen your financial foundation for the year ahead. Assess your tax situation. Check for upcoming tax liabilities and savings […]

The Fundamentals of a Business Budget

A business budget is one of the essential tools in managing your business finances and actively building your business. A budget shows what you plan to do with your cash over the next year. For a complete picture of your business health, you need to review the profit and loss statement, the balance sheet, the […]

Setting and tracking financial goals for small business success

Setting financial goals for your business may be one of your most important responsibilities as a leader and business owner. Your financial goals serve as far more than wishful projections, they form the backbone of your road map for success, internal and external. Financial goals are something that every single business should possess regardless of […]

Focusing on Profit

We’ve talked about this before, but it’s worth revisiting because, although it sounds basic, it’s surprisingly easy for business owners to lose sight of the fundamentals of profit. At its core, net profit is the bottom line—the actual profit that remains after all expenses, including operating costs, taxes, and interest, have been paid. Understanding Net […]

Get in control of cashflow

It’s a well-worn phrase, but cashflow really is the lifeblood of your business. When your cash inflows are greater than your cash outflows, that puts you in a positive cashflow position – giving you the liquid cash needed to trade, improve and grow as a business. But if costs start to outstrip your income, that […]

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 […]