Tag: cashflow
Entertainment Expenses – Income Tax and GST
The rules and exemptions for entertainment expenses can be complex. If you're not sure, check with us on common types of expenses and their tax treatment. As a general rule, if you provide entertainment for your team or clients, some of your business entertainment expenses are tax deductible. Some examples...
Key financial numbers to focus on in your business
What are the key reports to focus on in your business? We'll show you how to track performance, take action and prepare your company for surviving the new business normal. As a business owner, it’s never been more important to have a good grasp on your finances. For many businesses,...
Cash is Not Profit and vice versa
The purpose of a business is to make money, and that means you have to know the difference between profit and cashflow. Net profit is what you have left after you deduct all your business expenses from all your revenue. You change net profit only by changing the things that...
The Value of Cashflow Forecasting During a Crisis
During the ongoing coronavirus crisis, many sectors will see their income drop to frightening levels or completely disappear. To be able to navigate the future path of your cashflow, we can assist you with forecasting. We can map out your financial position over the coming months, so that you can...