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The road to recovery from COVID-19

Posted 1 Jul '20


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The ATO regularly publishes focus areas for small businesses. One of the top areas where the ATO regularly sees errors is where a private company shareholder or associate uses business money and assets for personal use or benefit, which can lead to Division 7A issues.


Regular cash flow forecasts help you keep your focus. If you can't reach your targets for income, reining in your costs may give you a little extra headroom to manage cash flow while you plan your next move.