Australia has had a series of ten consecutive rate rises to the official cash rate to 3.6%, which is the highest since May 2012. Businesses are faced with a higher inflationary pressure from a rising cost of doing business.
Mazars’ Financial Advisory Partner, Owen Dingle, says budgeting is important for business owners to stay on top of cash flow. And if you’re looking to refinance, it’s worth developing short- and long-term plans.
Published: 11/04/2023
Audio by Business Essentials Daily. For more Business Essentials Daily podcasts visit: https://bedaily.com.au/episodes/