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  • Cash flow coaching kit

    The cash flow coaching kit is a practical resource that complements the knowledge and expertise of tax professionals. It provides a framework for value-added business coaching conversations with your small business clients.

    Through coaching conversations, your clients can benefit from the simple and practical tools in the kit to quickly gain:

    • a better understanding of the health of their business
    • a practical understanding of the importance of    
      • planning
      • budgeting
      • funding
      • tracking business performance 
    • a better understanding of how cash flows in and out of their business
    • practical ideas of changes and actions to take to improve their cash flow – including in times of challenging business conditions or unexpected events.

    On this page:

    Managing cash flow

    Research and evidence show cash flow problems continue to be a major issue for small businesses, for example:

    • almost half of small businesses are under financial pressure within the first year, and this increases in years two and three
    • 60% of small businesses cease operating within their first three to four years
    • 90% of small business failures are due to poor cash flow.

    The challenge is helping time-poor small businesses understand what they need to do to effectively manage their cash flow and meet their financial commitments.

    Tax professionals working in public practice with small business clients play an important role. They can help their clients to improve their cash flow and plan ahead to meet their financial commitments and regulatory obligations.

    Webinars

    We are hosting 'show me how' webinars about the benefits of using the cash flow coaching kit.

    These are specifically for:

    • registered tax agents in public practice with small business clients
    • registered BAS agents in public practice with small business clients
    • qualified accountants working under the supervision or control of a registered agent in public practice with small business clients.

    If you don't meet the above criteria but are a member of a tax professional association, please contact your association about obtaining access to the cash flow coaching kit.

    The table below provides session details and links to the registration pages on WebEx. After registering, a confirmation email will be sent to the email address you provide.

    Times listed will be in the following format in either:

    • Australian Eastern Standard Time (AEST)
    • Australian Eastern Daylight-saving Time (AEDT) from October to March.
    WebEx session details

    Topic

    Description

    Cash flow coaching kit – 1 hour introductory sessionExternal Link

    Join us for an interactive 'show me how' webinar that will introduce you to the cash flow coaching kit (beta digital and paper) and help you deliver more value-added advisory services to your small business clients.

    • We will use practical case scenarios to demonstrate the framework, concepts and tools of the kit to help you structure coaching conversations with your clients. 

    Cash flow coaching kit – 30 min workshopExternal Link

    Join us for an interactive 'show me how' workshop that will provide an in-depth demonstration of the beta digital cash flow coaching kit tools.

    • We will use practical case scenarios to demonstrate the tools, including analysis of current cash flow, forecasting and planning to improve cash flow.
    • This workshop is designed for tax professionals who are familiar with the beta digital cash flow coaching kit. 

    Show me how videos

    We have developed a series of 'show me how' videos to assist you in getting the most out of the cash flow coaching kit. The videos address the key concepts of the kit, as well as an introduction to the kit and a case study demonstrating a face-to-face coaching conversation.

    Watch:

    Media: Introduction to the cash flow coaching kit
    http://tv.ato.gov.au/ato-tv/media?v=bd1bdiunaoh41zExternal Link (Duration: 08:10)

    Find out about:

    Ordering a cash flow coaching kit

    You can order a paper-based version of the cash flow coaching kit through our Publication Ordering ServiceExternal Link by searching for ‘Cash Flow Coaching Kit – Lite’ (NAT 75239-10.2019).

    You will need to log in or register under the Tax Agent category (including BAS agents) to order the cash flow coaching kit.

    If you need further information, contact us at cashflowcoachingkit@ato.gov.au

    Last modified: 22 May 2020QC 57842