{"id":5562,"date":"2021-03-04T13:14:51","date_gmt":"2021-03-04T02:14:51","guid":{"rendered":"https:\/\/mnygroup.wpengine.com\/?p=5562"},"modified":"2025-02-01T15:40:19","modified_gmt":"2025-02-01T04:40:19","slug":"a-hand-up-for-small-businesses-on-cash-flow","status":"publish","type":"post","link":"https:\/\/mnygroup.com.au\/en\/a-hand-up-for-small-businesses-on-cash-flow\/","title":{"rendered":"A Hand Up for Small Businesses on Cash Flow"},"content":{"rendered":"<nav aria-label=\"breadcrumbs\" class=\"rank-math-breadcrumb\"><p><span class=\"last\">Home<\/span><\/p><\/nav>\n<blockquote><p>The ATO has produced a \u201cCash Flow Coaching Kit\u201d, which is a free resource and designed as a value-add advisory tool for small business owners. It does not replace any existing accounting or financial tools, although it can be used to complement software accounting packages.<\/p><\/blockquote>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-5563 alignright\" src=\"https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/A-hand-up-for-small-businesses-on-cash-flow-665x1024.png\" alt=\"A hand up for small businesses on cash flow\" width=\"166\" height=\"256\" srcset=\"https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/A-hand-up-for-small-businesses-on-cash-flow-665x1024.png 665w, https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/A-hand-up-for-small-businesses-on-cash-flow-195x300.png 195w, https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/A-hand-up-for-small-businesses-on-cash-flow-768x1183.png 768w, https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/A-hand-up-for-small-businesses-on-cash-flow.png 941w\" sizes=\"auto, (max-width: 166px) 100vw, 166px\" \/><\/p>\n<p><span style=\"color: #000000;\">With its tailored coaching conversations about cash flow management, the ATO\u2019s kit can be particularly useful in times of financial stress. Cash flow problems continue to be a major issue for small businesses, and may indeed be more so after the past year of COVID woes.<\/span><\/p>\n<p><span style=\"color: #000000;\">Research shows:\u00a0<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">almost half of small businesses are under financial pressure within the first year, and this often increases into years two and three of business<\/span><\/li>\n<li><span style=\"color: #000000;\"> 60% of small businesses cease operating within their first three to four years<\/span><\/li>\n<li><span style=\"color: #000000;\">90% of small business failures are due to poor cash flow<\/span><\/li>\n<li><span style=\"color: #000000;\">small businesses who manage their cash flow effectively are more likely to succeed.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\">The resources in the kit can help small business owners better understand the actions they can take to manage their cash flow. This includes:<\/span><\/p>\n<ul>\n<li><span style=\"color: #000000;\">learning the fundamental concepts of cash flow <\/span><\/li>\n<li><span style=\"color: #000000;\">understanding how cash flows in and out of your business and ways to assess business viability <\/span><\/li>\n<li><span style=\"color: #000000;\">scenario planning to identify possible actions to improve performance by increasing cash in or reducing cash out in your business.<\/span><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-5565 aligncenter\" src=\"https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/cash-flow.png\" alt=\"cash flow coaching kit \" width=\"383\" height=\"203\" srcset=\"https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/cash-flow.png 558w, https:\/\/mnygroup.com.au\/wp-content\/uploads\/2021\/03\/cash-flow-300x159.png 300w\" sizes=\"auto, (max-width: 383px) 100vw, 383px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><strong><em><span style=\"color: #000000;\">Related Link:\u00a0<\/span><\/em><\/strong><\/p>\n<p><em><a href=\"https:\/\/www.ato.gov.au\/Tax-professionals\/Support-and-communication\/In-detail\/Cash-flow-coaching-kit\/?=Redirected_URL\" target=\"_blank\" rel=\"noopener\">Cash Flow Coaching Kit<\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/mnygroup.com.au\/\">www.mnygroup.com<\/a><\/strong><\/p>\n<p><span style=\"color: #999999;\"><em>This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ATO has produced a \u201cCash Flow Coaching Kit\u201d, which is a free resource and designed as a value-add advisory tool for small business owners.<\/p>\n","protected":false},"author":1,"featured_media":5563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1690],"tags":[1473],"class_list":["post-5562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxation-news","tag-cash-flow-coaching-kit","masonry-post","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/5562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/comments?post=5562"}],"version-history":[{"count":0,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/posts\/5562\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media\/5563"}],"wp:attachment":[{"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/media?parent=5562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/categories?post=5562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mnygroup.com.au\/en\/wp-json\/wp\/v2\/tags?post=5562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}