When providing advice we have an old saying: Turnover and sales are vanity, profit is sanity, but cashflow is always king.
We concentrate on the cashflow of the company from the underlying business, to provide ongoing dividend income. We can then use the pool of cash accumulating from dividends to purchase other equities at the right price.
Since our last fact sheet on the Tenancies COVID-19 Response Acts 2020, the WA State Government has extended the commercial tenancy laws until March 28, 2021. This is in line with the Commonwealth Government’s modified JobKeeper program. As before, these protections...
The Western Australian Government has extended the moratorium on rent increases and other provisions until March 28, 2021
The Federal Government has extended and expanded the Coronavirus SME Guarantee Scheme to help cash flow for businesses as it starts to wind back the JobKeeper program. The Scheme has been boosted to $40 billion which will be used to guarantee up to 50% of loans provided by financial institutions.
The ATO is increasing their focus on collecting more tax, as the Government is spending more money. With the new programs for COVID19, the ATO is using this as an opportunity to increase its activity, particularly on COVID19 programs.
How much Government Debt is too much? We’re not even close! This is not a bad news story! Does that make it a good news story? Not quite, but all the Australian Government spending is designed to keep the current recession from being too sharp or going on too long....