Tag: C&D advisory

Organising a Payment Arrangement

Organising a Payment Arrangement

When considering a payment arrangement, the ATO’s primary goal is to collect tax debts in a way that doesn’t push a business into insolvency. The focus on business viability is crucial, as it ensures that the payment arrangement is sustainable and that the business can continue to operate and meet its tax obligations in the future. Taxpayers seeking a payment arrangement should be prepared to provide detailed financial information and demonstrate a commitment to returning to compliance. For the most current information and guidance on payment arrangements with the ATO, including eligibility criteria and application process, it’s recommended to consult directly with the ATO or seek advice from a professional accountant.

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Why you need Fathom in your Business

In today’s dynamic business environment, Fathom Reporting emerges as an indispensable tool for businesses aiming to thrive. Its comprehensive analysis, customizable reporting, forecasting capabilities, and ease of use make it an excellent investment for businesses seeking to enhance their financial intelligence, drive growth, and improve decision-making processes. Whether you’re a small startup or a multi-entity corporation, integrating Fathom into your financial management practices can provide a clear competitive edge and contribute significantly to your business’s success.

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Understanding Cash Flow in Your Business

Understanding Cash Flow in Your Business

Cash flow is not just an accounting concept; it’s a tangible reflection of your business’s viability and operational efficiency. Regular analysis and management of cash flow are crucial for maintaining the financial health of your business. It’s important to remember that profitability does not equate to good cash flow. A business can be profitable and still face cash flow problems.

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