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"Pretium Solutions Pty Ltd" BiziNet Articles

Showing Articles [1 - 4] of 4.

Profit and Cash Flow: Why your business needs both to be successful

Paul Sweeney

Every business owner should know the difference between 'profit' and 'cash flow'. Surprisingly, many business owners do not understand the difference. I'm often asked "how is it possible to make a profit when there is no money in my bank account?" At first it might seem like profit and cash flow measure the same thing - the financial health of your business. After all, for both it's a case of the more you have, the better your business is doing. But profit and cash flow are two different beasts, and it's important to know how each one affects your business.

Paul Sweeney, Pretium Solutions Pty Ltd
BiziNet Magazine #99 - Nov/Dec 2019

Why Your Business Needs to Focus on Profit and Not Taxation

Paul Sweeney

To ensure you have a more profitable business you need to stop the focus from being on taxation. Taxation is mandatory. It is a requirement at the end of each year. Every business must submit an income tax return. Many business owners are focused on solving the problem of "how can I pay less tax", "how can I increase my deductions?" or, "is there a way I can reduce my income?"

Paul Sweeney, Pretium Solutions Pty Ltd
BiziNet Magazine #97 - Jul/Aug 2019



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