Ezypay is encouraging and in many cases challenging our small business clients to focus on improving their cashflow statements, namely; reducing debt and the cost of financing that debt, improving repayment terms by restructuring accounts receivable payments with debtors and targeting breakeven or positive cashflow.
Having your small business spend more money and take on more debt right now, even with the one-time tax break, shouldn’t be the highest priority. It’s more than likely that the businesses who will take advantage of this tax break are those that already planned to spend money on capital works.
Cash strapped small businesses that are unable to secure additional finance, which accounts for the majority of the 1.9 million strong sector, are highly unlikely to undertake unplanned spending.
To read more about managing your cash flow to survive the downturn, Click here for the full article written by Trent Brown, Ezypay CEO.
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