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

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

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

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

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