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.
There is always changes and new legislation buried down inside a federal budget. The changes the press don’t see or report. But there is a real change in regard to drawings from a company and it’s dramatic.
I have been talking with our team of accountants – and most of them are telling me that they can’t remember when they last saw an audit – apart from a superannuation audit.
Are only high interest rates offered when you are borrowing your way out of a business problem?
Your Business Angels has been operating accounting businesses and tax services from our accounting business for over 15 years. It seemed logical, that once we helped a client with a business turnaround, then we stayed to help their business move forward aand survive in what is always a difficult business environment.
There are 2 main problems that exist with businesses and the tax department.
When the Australian Taxation Office sends you anything court related, the action will appear on a court list.
Getting the accounts completed means the pressure is gone from the ATO.
We know, you stuck your head in the sand, had no idea where to start, it all became too much, you are scared to go to jail and thought it was being looked after.