Small business owners: Why you should definitely pay yourself a salary
Many business owners just take whatever they want, whenever they want and have their accountant sort it out at the end of the year
Many business owners just take whatever they want, whenever they want and have their accountant sort it out at the end of the year
Most people working in small business are not financially well organised and this isn’t surprising, because everyone is so busy actually running their business! However, there are nine key areas to cover to help work out how financially well organised you are. To achieve your life and small business goals you must get organised but remember you… Read more »
When engaging new business clients this very issue is one that gets reviewed straight off the bat. So, how do I best advise small business owners to maximise cashflow, minimise tax and draw a wage all at the same time? Just as you personally need cash to put food on the table and pay the… Read more »
Cashflow is the lifeblood of any small business and slow paying debtors are a common frustration that cause undue stress. This is something I see all the time and it is the low hanging fruit of improving your business cashflow. It just takes a little discipline. If your terms of business are say 30 days (meaning a… Read more »
The end of the calendar year brings warm weather, Christmas celebrations, school holidays and seasonal cashflow. A little Christmas time cashflow planning now, even just an awareness, could help get you through without any surprises. Service based businesses such as lawyers and real estate agents experience a slowing of revenue in the Christmas period as Australian’s generally… Read more »