What is the PPSR?
The PPSR is a critical tool for businesses in Australia. It plays a key role in securing financial interests, managing risks, and making informed decisions in commercial transactions. Effective use of the PPSR can protect a business from significant financial losses and legal disputes, making it an essential aspect of business operations in Australi
What is the ATO looking for in a payment arrangement?
Getting a payment arrangement is not as simple as applying for one, the ATO wants to make sure that it is affordable and practical and that you will be able to continue trading.
What happens if your business can’t survive?
If your business is unable to survive, there are several potential outcomes and steps you might need to take. The specific path depends on numerous factors, including the severity of your business’s financial difficulties, the legal structure of your business, and your long-term goals.
What is business viability?
Understanding your viability is critical for not just survival but ensuring that your business is able to continue in the short term.
What is a personal guarantee?
Signing a personal guarantee can result in long term consequences, know what you are signing up to (and for). Don’t sign up for a personal guarantee without being well aware of what it is.
Why did you go into business?
Why did you go into business and are you achieving what you want from your business?
What are the 3 freedoms of business
We look to achieve the 3 freedoms in business, mind freedom, time freedom and financial freedom.
Some cash flow basics
Cash flow is the lifeblood of all businesses, understanding how it critical for your business is the first step of business success.
Funding your business
The best approach depends on the nature of your business, its stage of development, and your willingness to share equity or pay interest. It’s advisable to conduct thorough research and possibly consult with a financial advisor to determine the most suitable option for your business needs.
What is General Interest Charge?
GIC is an interest charge for late ATO payments, next year these payments become non deductible.