• Paul Tucker

Business Tips

Updated: Aug 1, 2019

With interest rates as being forecast for a further 25bps rate cut by Oct 2019 and a further 25bps thereafter in Feb 2020, taking the Cash Rate to 0.50%, which major banks are expecting will remain for the duration of 2020


Our Views

With interest rates this low and further cuts being predicted, our view is that this is a signal that the RBA & Government are concerned that economy is not doing well.


Action

Time to act NOW, which we have included some business tips to review to get your cash flow & business in order.


Tax & Business Structure Review


• businesses should put strategies in place to minimise their taxation liabilities


• its amazing how much difference a good businesses structures can help both tax minimisation & asset protection



Improve the Profit in your business


• use a software tool to stay on track and automate your accounting & reporting

• undertake waste reduction session, we recently completed one with a client and saved them 35,000 in first month in reduced ongoing costs


Improve the finance structure your business


• Expand payment options for customers & stop acting like a bank


• financial health and debt review, especially given the low interest rates & current property values


Contact us before 31 August 2019 for a FREE business health review.

70 views0 comments

Recent Posts

See All

0417 273 731

©2018 by Results Based Business Coaching & Accounting.

Level 22, 500 Collins Street, Melbourne VIC 3000, Australia