Revenue is coming in the door…you seem to be meeting all your income targets and you’ve been keeping a close eye on expenses. Why then is that hard earned profit not showing in your bank account? Quite simply.. Net profit does not equal cash in the bank! The main culprit is timing. For many businesses the timing of income received is a big deal! It’s what keeps you in business. So what can you do to improve cash flow?... What are your invoice terms? The time it takes to re

"The Pros Cons and Important Considerations" One of the announcements in the Federal Government Budget for 2017-18 was the proposed introduction of a new scheme to help first home buyers break into the market. The previous scheme aiming to achieve a similar objective being the First Home Saver Account (FHSA), was unsuccessful and subsequently abolished on 1 July 2015. If enacted, the new First Home Super Saver Scheme (FHSSS) is proposed to commence on 1 July 2017 and uses th

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"Fairness, Security and Opportunity..." (Treasurer, Scott Morrison) The Federal Government handed down its 2017-18 budget on Tuesday 9th May. Following are some of the key Budget announcements affecting individual taxpayers, businesses, investors and retirees. Individuals No change to the personal income tax rates or thresholds for the 2017-18 year Budget deficit levy of 2% for individuals with incomes over $180,000 to end on 30 June 2017 Medicare levy to increase from 2% to