Entries by Salisbury Accountants & Business Advisors

Movember 2020 update

November 6, 2020 in /by

Salisburys Mosburys Week 1

We have Movember Week 1 under our strops (think about it) and we all know what that means: the razor is locked away, the upper lip is starting to itch and donors everywhere are chucking one in the tin for men’s health.

Movember 2020 is making its presence known all over […]

Precise Cash Flow Management: Best Practices

October 19, 2020 in /by

Improving your cash position brings opportunities and reduces business risk

In the absence of equity and debt financing, alternative cash-flow management strategies can make a positive difference.

These ideas will not apply to ALL businesses but perhaps there are some you can implement. 

1. Get Better Vendor Payment Terms

Vendors are partners and are invested in […]

Electrician’s spark rekindled, fires up owners to sell

October 14, 2020 in /by

Tom and Melissa Muntz owned and ran a successful electrical contracting business for 30 years.

In a typical business-couple style, Tom was customer-facing on the tools whilst Melissa kept the bookkeeping and payroll running smoothly in the office.

Their business operated in an industrial niche market which proved to be lucrative and provided Tom and […]

Small business owners bear brunt of mental health challenges

October 12, 2020 in /by

Uncertainty driving mental health concern for small business

The COVID-19 pandemic and its wider economic impact is the key business-related cause of mental health challenges for Australia’s small business owners, according to a recent MYOB Business Monitor survey.

Speaking at the recent Small Business Recovery roundtable co-hosted by American Express and The Australian Financial Review, MYOB […]

2020/21 Federal Budget Summary

October 7, 2020 in /by

Salisbury Accountants Federal Budget Summary 2020/21

1. Personal income tax changes

1.1 Changes to personal income tax rates

The Government has announced that it will bring forward changes to the personal income tax rates that were due to apply from 1 July 2022, so that these changes now apply from 1 July 2020 (i.e., from […]

VIC and ACT grants

September 28, 2020 in /by

Manufacturing industry grants

Future Industries Manufacturing Program – VIC

If you’re an innovative manufacturing company in Victoria, the Future Industries Manufacturing Program could be for you — providing you have the funds to back it up.

This grant program encourages manufacturers in Victoria to invest in new manufacturing technologies and processes as a way to […]

5 Steps to Stronger Cash Flow Management

September 21, 2020 in /by

Recent conditions reveal that some businesses struggling while others ‘going gangbusters’

Businesses at both of these extremes share one priority… which is to carefully manage cash.

Here are our recommendations to help you avoid risk and make the most of your cash resources:

1. Finance Processes Matter

It sounds obvious… but some organisations still lose invoices, […]