The ATO has produced a “Cash Flow Coaching Kit”, 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.
With its tailored coaching conversations about cash flow management, the ATO’s 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.
The resources in the kit can help small business owners better understand the actions they can take to manage their cash flow. This includes:
To access your free Cash Flow Coaching Kit and learn more, please visit the ATO's website. Click here. Alternatively you can contact Forsyths.