Blogs
That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.
Below is a consolidated, easy-to-read document on budgeting and the mindset behind it—combining practical techniques with an understanding of how our beliefs and habits influence financial success.
At Your Business Angels, we’ve seen first-hand how stressful administration can be.
Every morning, I flick through Accountant Daily, and lately, it’s become crystal clear that the ATO is using the publication to quietly drip-feed their latest strategies to accountants like us. This is their way of getting us to carry their message to our clients — and the latest one is worth paying attention to.
Over the years, I’ve owned my fair share of cars — including the shiny, overpriced, and perpetually problematic BMWs. They looked great in the driveway, sure, but they came with a constant stream of high-maintenance costs, electronic failures, and the kind of repair bills that make you question your life choices.
By structuring the loan this way, you personally borrow and lend to your business, turning yourself into the primary creditor. This strategy puts you in a far stronger position if things ever go wrong, while maintaining greater control over your finances.
Here is one of the big problems with tax debt.