A supplier offers a better price if you pay the account now. The discount is worthwhile. You have enough money in the bank. But paying the supplier will use a large part of the cash you were planning to carry through harvest. That is not simply a question of whether the business can afford the
Supplier Offering Better Terms if You Pay Now? Working Capital Around Parkes Read More »
If fertiliser, fuel, contractors or other farm suppliers need paying before enough harvest income reaches the bank account, the issue is not necessarily whether the farming business is profitable. It may simply be timing. Around Cummins and the Lower Eyre Peninsula, cropping businesses can have substantial money committed to the season well before all of
Supplier Bills Due Before Harvest Income? Seasonal Working Capital Around Cummins Read More »
A larger BAS bill can arrive at exactly the same time a business feels as though it has less cash than ever. That can seem contradictory. Sales are up. More work is being completed. More customers are being invoiced. The business may even be reporting stronger profits. Yet the bank account is tight. For a
When Growth Creates a Bigger BAS Bill Than the Cash Account Can Handle Read More »
Cash-flow pressure does not always come from one large expense. Sometimes it is the collision of several ordinary obligations that creates the problem. A Wollongong business may have a BAS payment due, suppliers expecting settlement, wages falling on the same week and customers who still have not paid their invoices. None of those expenses is
When BAS, GST and Supplier Bills Hit at the Same Time Read More »
Winning more work is usually a good problem to have. But growth can create a cash-flow strain before the first extra dollar reaches the bank. A Sunshine Coast business might secure a larger customer, win a new contract, increase its order book or take on a project that requires more staff, more materials and more
When a New Contract Arrives Before the Cash Does Read More »
A supplier may be ready to proceed with a large order, but only after receiving a substantial deposit. For an Adelaide business, that can create an awkward decision. The order may be commercially attractive. The margins may work. Customers may already be showing interest. Yet committing a large amount of cash upfront can reduce the
When a Large Supplier Order Needs a Deposit Before the Sales Arrive Read More »
A recent social media post describing ASIC late fees as “extortion” sparked widespread discussion among Australian business owners. While the headline focused on the cost of missing an ASIC payment, the real conversation extends well beyond one compliance fee. For many Adelaide businesses, a missed deadline is rarely caused by poor management. More often, it’s
A recent online post describing ASIC late fees as “extortion” attracted plenty of attention from Australian business owners. While the claim doesn’t accurately reflect how ASIC calculates its statutory late fees, it does highlight a frustration shared by many company directors. It’s rarely the fee itself that causes concern. More often, it’s what the missed
One Missed ASIC Deadline Isn’t the Problem, What It Can Reveal About Cash Flow in Perth Read More »
A recent social media post describing ASIC late fees as “extortion” sparked plenty of debate among Australian business owners. While the figures being shared don’t accurately represent how ASIC calculates its statutory late fees, the conversation struck a nerve for another reason. Many directors know exactly what it feels like when a routine business expense
Brisbane Businesses Are Feeling the Pressure When Small Compliance Costs Start Adding Up Read More »
A company annual review notice arrives from ASIC. A week later, the accountant mentions an outstanding BAS. Then a letter from the Australian Taxation Office appears, and suddenly it feels as though every government department wants money at the same time. It’s an experience many business owners recognise, but one important point is often misunderstood.
ASIC Notices and ATO Debt: Why Toowoomba Businesses Should Never Confuse the Two Read More »
