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That your business becomes as profitable as it can be (on a cash basis). Profit pays debt, profit drives the business forward and profit gives you the reward for all your hard work.

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Where Did My Profit Go?
Your Business Angels Clients
31.05.2024
Where Did My Profit Go?

You see a $38,000 cash profit in your profit and loss account (P&L), but your bank account doesn’t reflect this. Here’s a simple breakdown of why this happens and what you can do about it. Understanding these areas can help you manage your finances better, make informed tax decisions, and ultimately create more wealth. Drawings […]
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Superannuation Don’t pay it, and the ATO will crash-tackle YOU – Financially.
Your Business Angels Clients
31.05.2024
Superannuation Don’t pay it, and the ATO will crash-tackle YOU – Financially.

Basic rules It’s not your money – it’s your employees’ money – and the ATO has a different outlook on this than tax debt. You must pay employees superannuation. You cannot tell us to leave out superannuation if you are an employee of your company; this must be paid. Refer to rules 1, 2 and […]
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not lodging BAS
Your Business Angels Clients
31.05.2024
not lodging BAS

Ha – ha you can’t see me You think that if you don’t sign your BAS the ATO can’t see you or know you owe them a BAS and some money…. Nah! It doesn’t work like that. So here is what is on the sword of Damascus if you use this tactic. If a business […]
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Drawings
Your Business Angels Clients
31.05.2024
Drawings

Why is it growing Or directors’ drawings or as the insolvency industry calls in “debit loan accounts” Understanding Drawings and Their Impact on Your Business What Are Drawings? Drawings occur when money leaves your business for non-business purposes. This money isn’t an expense, isn’t paying for an asset, and isn’t being deposited into a business […]
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Tax Pick A-Box
Calculators
11.04.2024
Tax Pick A-Box
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Rent vs Buy Calculator
Calculators
11.04.2024
Rent vs Buy Calculator
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Loan Repayment Calculator
Calculators
10.04.2024
Loan Repayment Calculator
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The ATO and the Anglia Van
Your Business Angels Clients
05.12.2023
The ATO and the Anglia Van

f I saw an Anglia Van now, I would stop – WOW, an Anglia Van. You don’t see those anymore. My dad had Anglia Vans for meat delivery in his business, moving staff from one shop to another, and my sister and I used it one glorious summer when we borrowed surfboards and went from beach […]
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You can’t keep cool things down
Your Business Angels Clients
28.11.2023
You can’t keep cool things down

“According to Doug Putman, the billionaire founder of Canada’s Sunrise Records, who bought HMV in 2019, downloading and streaming have failed to kill the record shop. HMV is posting profits this year with a growth in CD sales and even a resurgence of the cassette tape”. So here is my confession. “I hate all things […]
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