Seize the Day!
Author and entrepreneur Janet Dailey said:
"Someday is not a day of the week"
We're well into a new financial year now and it's time to take action! It's time to lodge your individual tax returns if you haven't already. If you're a business owner the start of a financial year is a great time to assess your cash flow goals. Seize the day!
It's now time to lodge your 2015 Income Tax Return with Aptus. If you missed the checklists supplied in our last newsletter, you can find them here on the Aptus website. These will help you to collate the documentation you need to be tax ready. As always our staff are happy to assist you with any questions you might have regarding your tax return, feel free to call the office or e-mail us at connect@aptusadvisory.com.au
Speaking of tax ready did you know that the ATO now has an app to assist you with recording and managing your tax and super affairs on the go?
CASH FLOW
Cash flow is regarded as the most worrisome factor when running a business. We've found a great article over on the Xero Blog "5 cash flow goals that every business should aim for", as well as our very own director's write up on "The Importance of Credit Control in your Business." See our overview below, or click on the links to view the full article.
From the Xero Blog:
5 cash flow goals that every business should aim for - by Anna Eschenburg
We know that for most small businesses, cash flow is the number one thing they worry about. Here are 5 simple goals that everyone can use to stay in the black.
- Pay attention to margins
- Pay yourself a salary
- Have finances in reserve
- Avoid debt
- Save for growth
Be realistic about your goals. Prioritise your business goals, revisit your business plan, and connect with us.
From the Aptus Blog:
The Importance of Credit Control in your Business - by Director James Solomons
5 simple tips to develop a credit control policy:
- Know who you're dealing with
- Check their credit
- Set credit limits and terms
- Keep an eye on existing customers
- Stick to your policy and follow up
DIRECTORS CUT
Next week both James and Rebecca with be attending Xerocon in Melbourne. Xerocon is the premier software expo in the accounting industry, showcasing cutting edge development in the digital space. James with be taking the stage at Xerocon in his role as Xero's Head of Accounting.
At Aptus, we believe in connecting our clients with the information they need to meet their goals. We welcome the opportunity to discuss with you what you believe you need to succeed and how we can work together to ensure you realise your objectives.
Kind Regards
The Aptus Team
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