Accessing the second Cashflow Boost

By Belinda Hudson on 24/06/20 - Mins to read: 2 minutes

It feels like only yesterday we were discussing the initial stimulus package from the Federal Government and the first Cashflow Boost of up to $50,000. In no time at all, we are close to lodging June 2020 BAS which will include the finalisation of the first Cashflow Boost and the...
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The importance of cash flow forecasting and ‘how to’ during COVID19 | Part 2

By Eric Flammang on 24/06/20 - Mins to read: 2 minutes

In this two-part series, William Buck Manager Business Advisory, Eric Flammang, provides his recommendations for monitoring and managing cash inflow and outflows effectively during COVID19, using a three-way forecast. Part Two: Three-way forecast models in practice When it comes to three-way financial modelling, small businesses can now receive packages which...
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The importance of cash flow forecasting and ‘how to’ during COVID19 | Part 1

By Eric Flammang on 24/06/20 - Mins to read: 2 minutes

In this two-part series, William Buck Manager Business Advisory, Eric Flammang provides his recommendations for monitoring and managing cash inflow and outflows effectively during COVID19, using a three-way forecast. Part One: Assessing your options and scenario testing A recent survey by the Australian Bureau of Statistics revealed that 50% of...
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Is it time for a financial swab test?

By Trent Antonio on 24/06/20 - Mins to read: 2 minutes

For many doctors, the thought of a health check of their practice and personal wealth can feel just like a nasal swab – uncomfortable, invasive and leaves you feeling a little bit queasy. However, just like a nasal swab, there can be significant benefits from the diagnosis. This couldn’t be...
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Tips to advance your financial position during COVID-19

By Jennifer Rees on 24/06/20 - Mins to read: 2 minutes

In this time of uncertainty, many practitioners will be wondering how they can manage their finances to ensure they are in the best position to see themselves through this period. We have prepared a simple summary below of the key things to consider. Staying on top of your cashflow Personal...
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Rebuilding your practice post COVID-19

By Belinda Hudson on 24/06/20 - Mins to read: 2 minutes

Recent data from the Australian Bureau of Statistics has shown that 49% of all Australian businesses have experienced an adverse impact as a result of the COVID-19 pandemic and the restrictions to combat the spread of the disease. Further to this, 86% of businesses expect to be impacted in the...
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