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Navigating Cash Flow Challenges: Strategies for Small Businesses Amidst ATO Debt Recovery
Date & Time:
Thursday 6th June 2024 at 2:00pm AEST
Speakers:
- George Bartlett, Senior Customer Success Manager, Dext
- Kelvin Deer, Director, Australian Bookkeepers Network (ABN)
Webinar overview:
In recent times, the Australian Taxation Office (ATO) has launched a concerted effort to recover over $34 billion in deferred debts from small businesses and self-employed individuals. This aggressive approach, coupled with a sluggish economy and escalating insolvency rates, poses significant hurdles for businesses across various sectors, including construction, hospitality, and retail.
Join us for an insightful webinar as we delve into the intricacies of managing cash flow effectively amidst the ATO's intensified debt recovery actions. As trusted bookkeepers, it's imperative to equip ourselves with the knowledge and strategies necessary to steer businesses through these challenging times and safeguard their long-term financial stability.
Key Objectives:
1. ATO's Aggressive Debt Recovery Actions:An examination of the ATO's robust approaches to debt retrieval and their ramifications for small enterprises.
2. Rising Insolvencies and Sectoral Challenges:An analysis of the increasing insolvency rates, expected to rise to levels comparable to those witnessed during the global financial crisis.
3. Leveraging Dext Prepare for Cash Flow Management:An overview of Dext Prepare, highlighting its features and advantages.Illustrating how Dext Prepare empowers bookkeepers to efficiently monitor and oversee cash flows, particularly amidst economic uncertainties.
4. Utilising Dext Precision for Debt Repayment Strategies:An introduction to Dext Precision, highlighting its functionalities.Exploring how Dext Precision facilitates the creation and supervision of repayment plans tailored to manage ATO and creditor debts.
Register below
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George Bartlett
Senior Customer Success Manager at Dext
George has been with Dext as Senior Customer Success Manager for 14 months, prior to which he was practicing as a Chartered Accountant for 6 years in London. George has vast experience working with small and medium sized businesses, from bookkeeping and year end accounts preparation to audit services. Since joining Dext, George has been enlightened when seeing how technology can improve and streamline those internal processes for businesses that have had a tendency to work very manually. He thoroughly enjoys training his partners and seeing their faces when they have their own ‘light bulb’ moments on how Dext will give them time back in their day.
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Kelvin Deer
Director at Australian Bookkeepers Network (ABN)
Kelvin is one of the founding principals of Australian Bookkeepers Network (ABN) and has been a Certified Practicing Accountant for over 25 years. Kelvin is passionate about business development and providing innovative learning and training to the bookkeeping industry. He plays an active role in ABN research, events and the provision of technical resources. Kelvin is also the architect behind ABN’s acclaimed Pillars of Public Practice, the Bookkeepers Business Benchmarking Survey and Bookkeeper Radio videocasts. He enjoys seeing bookkeepers develop their businesses into profitable enterprises.
Upcoming webinars in this series
Discover hidden gems in Dext Prepare
Topic: Discover hidden gems in Dext Prepare
Host: Paul Lodder - VP of Accounting & Product Strategy at Dext
Date & Time: 6th February 2024 at 11am GMT
Discover hidden gems in Dext Prepare with Paul Lodder during our upcoming webinar on 6th February 2024 (11am GMT).
Gain insights into lesser-known features that can significantly enhance your experience with the platform. Paul will provide valuable guidance on leveraging various settings alongside supplier rules to streamline VAT reporting for partially exempt businesses.
Additionally, he will cover time-saving techniques for processing and reviewing financial records that will boost efficiency in your workflows. Don't miss out on this opportunity to maximise the potential of Dext Prepare and optimise your bookkeeping processes.
Maximising Profitability: Effective pricing strategies to consider for your accounting software
Topic: Maximising Profitability: Effective pricing strategies to consider for your accounting software
Host: Katie Dutton - Practice Solutions Expert at Dext
Date & Time: 15th February 2024 at 11am GMT
Dext and QuickBooks: A seamless integration
Topic: Dext and QuickBooks: A seamless integration
Host: Paul Lodder - VP of Accounting & Product Strategy at Dext
Date & Time: 20th February 2024 at 11am GMT
Join Paul Lodder as he talks through our seamless integration with QuickBooks and how you can automate many of the tasks involved in bookkeeping, improve the accuracy of your accounting data, and gain insights into your financial performance.
Dext can automatically import your receipts, invoices, and other financial documents into QuickBooks. This saves you time and hassle, and it ensures that your accounting data is always up-to-date. Dext can also automatically match your transactions in QuickBooks. This helps you to quickly and easily reconcile your accounts, and it reduces the risk of errors.
Automation Masterclass Step 2: Finding the Right Solution
Topic: Automation Masterclass Step 2: Finding the Right Solution
Host:
Katie Hawking - Head of Practice Solutions & Sales Enablement, Dext
Date & Time: 23rd February 2024 at 11am GMT
Following on from our timeline to automation webinar, you should now have insights into where automated data extraction processes can make your firm more efficient, the pain points your colleagues feel, and any improvements your clients would benefit from.
The 2nd step in our automation masterclass means you’re now ready to start exploring potential solutions and identifying the best fit for achieving your vision.
Basis Period Reform: All you need to know
Topic: Basis Period Reform: All you need to know
Hosts:
Paul Lodder - VP of Accounting & Product Strategy at Dext
Paul Aplin OBE - MTD & UK Tax Specialist Consultant
Date & Time: 28th February 2024 at 2pm GMT
Streamline an HMRC enquiry with Dext: the perfect solution for stress-free bookkeeping
Topic: Streamline an HMRC enquiry with Dext: the perfect solution for stress-free bookkeeping
Host: Paul Lodder - VP of Accounting & Product Strategy at Dext
Date & Time: 12th March 2024 at 11am GMT
Facing a tax enquiry can be a daunting experience. Receiving a letter from HMRC indicating an inquiry into your Self Assessment return or a review of your VAT returns, spanning the past 4 years, naturally raises concerns.
However, with a solid foundation of financial management and efficient record-keeping, there's no need to panic -especially when equipped with Dext, the perfect solution for stress-free bookkeeping and accurate records.
Dext can streamline an HMRC enquiry due to the advanced search capabilities, making documents easily accessible. Say goodbye to the hassle of providing information to HMRC - Dext simplifies the task. Specific documents can be located effortlessly by supplier, category, amount, or date range, and then conveniently downloaded as a single PDF.
With Dext there is no need to store boxes of invoices and then potentially spending hours looking for the paperwork requested. With Dext all invoices are stored digitally, making 2024 the opportune moment to ensure your records are meticulous and that you're fully informed about your business finances at all times.
Automation Masterclass Step 3: Bringing your Clients On-board
Topic: Automation Masterclass Step 3: Bringing your Clients On-board
Host:
Katie Hawking - Head of Practice Solutions & Sales Enablement, Dext
Date & Time: 22nd March 2024 at 11am GMT
Automating data extraction streamlines your clients’ experiences too, helping you build stronger relationships with them and strengthening your role as their trusted advisor. There are lots of reasons they should welcome automation, but it’s important to acknowledge any changes they’ll need to make or which may spark some resistance.
For the 3rd step in our automation masterclass, we will discuss how to get your clients engaged and onboard from the start.
Watch on demand below
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Katie Dutton
Practice Solutions Expert
Katie joined Dext in January 2021 having spent 13 years in practice, specialising in small business development and focusing over the last 5 years on the digital transformation project for the 5 office firm. Katie spear headed the navigation through the app marketplace, developing a tech advisory offering and getting the firm MTD for VAT ready. She then spent 3 years working for one of the worlds largest cloud accounting software platforms as a partner consultant and then practice solutions specialist, supporting and advising a large number of accounting firms across the UK.