October 25, 2011 – RSM Bird Cameron, one of the largest mid-tier accounting firms in Australia, offers 12 things business owners should complete before 2012 to improve profits, cash flow and reduce stress levels.
Andrew Graham, national head of business solutions, said, “Many businesses in Australia are again facing a volatile economic climate, and there is no doubt that an economic downturn could spell the end for some businesses. This is demonstrated by a surge in insolvencies and the appearance of increased activity by the ATO in collecting long-standing tax debts.
“With this in mind there is a very real possibility many businesses will start the new year facing increased cash flow difficulties or just managing to get by, instead of looking at ways to strengthen and grow the business.”
Cash flow is already being stretched, and as always this will be felt even more throughout the new year period as the holiday season leads to payment terms being slowed beyond the delays businesses are already seeing. Read more ❯