Another tax-related project that HIA’s BPN members have been heavily involved in, is the Small Business Tax Calendar. A half-joking challenge thrown out to the ATO by a BPN member via feedback being collated by HIA in 2005 provided the impetus for the development and recent release of an extremely useful online product for small business.
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Cashfow is generally acknowledged as the single most pressing concern of the builders and trade persons business. Cashflow is the lifeblood of all growing business and is the primary indicator of business health. The effect of cashflow is real and, if mismanaged, totally unforgiving. Cash needs to be protected, controlled and put to work.
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Companies are sometimes set up with little or no assets to their name. This means that when you are contracting with a company it can often be riskier than doing business with an individual, particularly if something goes wrong.
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