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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.
Here is one of the big problems with tax debt.
Many business owners allow the tax debt to creep up on them.
Tax never sleeps – it’s always up and about looking to get you.
True freedom is a freedom with clear boundaries.
So, for almost 23 years, I have been preaching that business owners need to understand financial documents.
There is now unprecedented funding for the ATO to carry out audits.
Understanding the three areas of tax
The $20,000 small business instant write off has been extended for another 12 months.
It has been a common practice for business owners and directors to push on, no matter how bad or how hard things financially have become in their business.