Finance

Establishing procedures and systems to monitor the financial health of your business and meet your tax obligations helps you have a viable business.

 If you’re starting or expanding your business you may need to obtain finance, including by borrowing from lenders or investing your own or stakeholders' money.

Information on financial reports commonly needed in business such as budgets, forecasts, profit and loss statement and balance sheets.

Outlining how customers pay for your goods and services and when you expect payment is important to protect your business cash flow.

All businesses are subject to certain record keeping requirements by the ATO. The amount and type of records that you must keep depends on the tax registrations of your business.

An overview of the different tax reporting required by the ATO including business activity statements, tax returns, payroll reporting and record keeping.

Tax deductions are taken off your total assessable income to reduce the amount of tax payable.You may be able to access tax concessions providing you satisfy any associated conditions. 

Check for any current grants that your business may be eligible for.

Establishing a process to deal with non-payment and recover debt is critical to maintaining cash flow and profitability for your business, while maintaining good customer relationships.