Every successful business owner knows that staying on top of your finances is non-negotiable. But it’s not just about looking at your bank balance — it’s about understanding the numbers that really tell you how healthy your business is. Here are the financial metrics every business owner should know  — and how they can help you make better decisions, stay compliant, and grow with confidence. Cash Flow: The Lifeblood of Your Business Why it matters: Positive cash flow means yo

The Australian Taxation Office (ATO) will no longer allow tax deductions for General Interest Charges (GIC) or Shortfall Interest Charges (SIC) from 1 July 2025. This update, passed by Parliament in March 2025, could affect how small businesses handle their overdue tax debts and financial planning. What Has Changed? Currently, businesses can claim GIC and SIC as tax deductions, slightly reducing the burden of ATO interest charges. With the new rules, these deductions will be