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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.
Preparing for survival – with Your Business Angels – Safe Harbour Program What is this “survival” for your business mean? Strategy for survival is to know that you must outlast the economic downturn, That’s it – outlast the economic downturn and recession.
After a bit of time legislation for commercial rents are in place. The Australian Government, together with the states and territories have agreed on a common set of principles
So while we’ve all been giving our attention to the Jobkeeper legislation we are forgotten the initial piece of legislation that the government called Cash Boost which is misleading because they don’t actually give you any cash you are just saved from paying PAYG.
The Government will provide tax-free cash flow boosts of between $20,000 and $100,000 to eligible businesses, delivered through credits in the activity statement system, when eligible businesses lodge their activity statements.
Get the accounts completed. Know what your tax debt and other commitments are. Use this period when everyone including the Australian Taxation Office is flexible to plan a way out
When you step back into your business to operate, you’ll be short of cash flow, you’ll be thinking you need to have enough to pay the staff each week and pay your suppliers as yours and other businesses find their stride.
There will be new updates no doubt, and even Your Business Angels has found a group that has been left out in the cold and we will go into bat for them over the weekend.
Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees.
Under the JobKeeper Payment, businesses impacted by the Coronavirus will be able to access a wage subsidy from the Government to continue paying their employees.