Tax Hints & Tips – Cashflow Forecasts and Budgets
For a small business, cash is king. If you don’t have it, you can’t pay staff, suppliers or the ATO. Knowing when you have these payments to make along with when you will be receiving the cash to make these payments is essential for all business. Preparing a cashflow forecast can not only show you where your cash is going but also show you if you really can afford to buy that new machinery or put on a new staff member. Speak to our office if need to help in preparing these.