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Cash Flow for Businesses

Cash flow is the oxygen of a business, without good cash flow a business suffocates. With GST payable every three months for most businesses and Income Tax payable every year it can be easy to lose track and fall into a cash flow hole. Here we explain some methods that can be used in order to be prepared for the dreaded BAS and Income Tax returns. 1. Set aside for GST GST comes up fairly quickly and many business owners are left scrambling to pay the bill. The first thing to remember is GST isn’t your money, it’s the governments, so therefore it should never be used for funding the businesses expenses. Therefore if it isn’t yours then the smart thing to do is to put it aside into a separate

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