Business Mentoring Noosa

Helping small businesses on the Sunshine Coast to fulfill their true potential

Cash Flow

SME $20,000 “instant” asset tax write-off explained – and it applies to second-hand assets too

By BMN

The following article explains how you could possibly take advantage of the 2015-16 federal budget announcement that small businesses (i.e. businesses with aggregate annual turnover less than $2 million) would be able to immediately write off assets they start to use or install ready for use, provided the asset costs less than $20,000: http://www.smartcompany.com.au/finance/tax/47014-sme-20-000-instant-asset-tax-write-off-explained-and-it-applies-to-second-hand-assets-too/

This article was suggested by our mentor Bob Joubert

Happy customers vs healthy cash flow

By BMN

There are few things more difficult for a small business than trying to collect outstanding debts from customers while simultaneously keeping them happy. Read the following article to discover five tips to help get paid: http://www.smartcompany.com.au/finance/48864-happy-customers-vs-healthy-cash-flow-striking-the-right-balance-between-keeping-a-client-happy-and-getting-them-to-pay-on-time.html

This article was suggested by our mentor Bob Joubert

SME $20,000 “instant” asset tax write-off explained – and it applies to second-hand assets too

By BMN

The 2015-16 federal budget announcement that small businesses (i.e. businesses with aggregate annual turnover less than $2 million) would be able to immediately write off assets they start to use or install ready for use, provided the asset costs less than $20,000 has been widely welcomed. Read the following article to understand the implications for your business: http://www.smartcompany.com.au/finance/tax/47014-sme-20-000-instant-asset-tax-write-off-explained-and-it-applies-to-second-hand-assets-too.html

This article was suggested by our mentor Bob Joubert

Simple steps you must implement to improve your cash flow

By BMN

Cash flow is the lifeblood of any small business – when it’s pumping your business is healthy, but when it dries up the results can be disastrous. Setting up a healthy business with a strong foundation of a billing and collection is a simple process, yet most businesses fail to get it right.  Read the following article to find out how your business can ensure it has a strong cash flow and, importantly, how you can protect it: http://www.dynamicbusiness.com.au/small-business-resources/finance-cash-flow/simple-steps-you-must-implement-to-improve-your-cash-flow.html

This article was suggested by our mentor Julien Cahn