Tax Workshop with Griffith University
Event description
Business Cash Flow and Tax
Commencing a business is difficult with many decisions required to be made. One of the decisions that sometimes is overlooked is the ‘tax’ implications of running a business. Tax is an important consideration as ignoring it can result in penalties and interest charges, but it can also influence the cash flow of the business. This workshop will provide an overview of business cash flow and how tax can influence it.
About the workshop:
This workshop will consider how the various types of taxes (particularly income tax and GST) can influence a business’ cash flow, not only in terms of profit margin, but also when payments are due.
The workshop will also look at:
• Cash flow concepts
• How tax (income tax, GST and superannuation) can influence cash flow, and
• How hiring workers influences cash flow and tax obligations
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