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How could a business improve its cash flow to ensure sufficient funds are available to meet taxation obligations?
A business could improve it's cash flow in the following ways:
* chase outstanding debts as soon as they become due
* have short credit terms for debtors, or c.o.d only if possible
* ask suppliers for credit accounts (30 from EOM is a good one)
* lease plant and equipment rather than buy outright
* hold less inventory
Of course, it is also very important that a business ensures its taxation obligations are accurately forecasted prior to spending from the bank account!
What else can I help you with?
What are the roles of taxation system in business?
role of taxation in business
How do you explain Personal and business taxation?
explain personal and business taxation
What is the nature and scope of business taxation?
The nature and scope of business taxation spreads across all the business sectors. Taxation in business is imposed so as business owners can get the privilege of doing business.
What are the distant courses available in International taxation?
Advance Diploma in International Taxation offered by Chartered institute of taxation, UK
expat taxation?
Max Accountant provides one-stop expat taxation services, offering expert advice to help individuals and families manage their tax obligations efficiently, no matter where they are in the world.
Why has the Australian Taxation Office stipulated specific taxation requirements for business documents?
Because they're Gay.
Influence of taxation on a business firm?
its influence by love
Which form of business incurs double taxation?
Corporation
Why has ato stipulated specific taxation requirements for business documents?
The Australian Taxation Office (ATO) has stipulated specific taxation requirements for business documents to ensure compliance with tax laws and to promote transparency in financial reporting. These requirements help businesses maintain accurate records, facilitate audits, and support the proper calculation of tax obligations. By standardizing documentation practices, the ATO aims to reduce tax evasion and ensure that all businesses contribute fairly to government revenue. Ultimately, these measures enhance the integrity of the tax system and protect public trust.
What has the author Thomas Docharty written?
Thomas Docharty has written: 'Taxation' -- subject(s): Taxation, Law and legislation, Small business
What are the importance of business finance?
What is objective of business finance? Why finance is important for a business? purchase of asset income daily expenses taxation
What is Effect of taxation on production and growth?
Taxation slows production and growth to a certain extent, because businesses do not get as much out of the money they put into the business as they put in.
