What to Expect from ATO Risk Reviews and Audits

What to Expect from ATO Risk Reviews and Audits

ATO audits can happen any time to a business, but now with JobKeeper, early release of super and COVID-19 cashflow boost payments, the ATO will be reviewing and auditing a lot more businesses in the future. The ATO will usually conduct a risk review initially, to...
Understanding working capital to maintain business success

Understanding working capital to maintain business success

If cashflow is the lifeblood of your business, then working capital is the health check you should regularly undertake to keep your business alive. Regularly checking working capital will play an essential part in maintaining business success during these times of...
Maximising your cash reserves

Maximising your cash reserves

The Covid-19 crisis has highlighted the inadequacy of current cash reserves for many businesses. They simply don’t have enough cash to sustain the business in a crisis. Now is the time to make permanent change to your business processes and cost structure so you can...
Reinventing your product and service offering

Reinventing your product and service offering

During times of crisis, we’re forced to reinvent the way we work and what we work on to remain sustainable. From technology adoption to product innovation and blowing up stale processes, a crisis forces us to start with a fresh page and plan for a better, more...
Efficiency through automation

Efficiency through automation

Lockdown forced us to rethink the way we operate our business. The barrier of procrastination has been removed and we’ve had to adopt new technology and automate our processes. Technology exists to increase efficiency, but it can be a double-edged sword. When you...
Managing risk

Managing risk

A crisis really tests a business’s risk management processes, shining a spotlight on gaps and new risks to be managed. At this point in 2020 it’s time for a thorough review to identify areas for improvement to minimise the risk for business owners, as well as...