Final Call on the 2019–2020 Concessional Carry Forward Cap

Final Call on the 2019–2020 Concessional Carry Forward Cap

If you’re a high-income earner or a business owner, this tax saving opportunity may be flying under your radar and time is running out.

The 2019–2020 unused concessional superannuation cap is set to expire on 30 June 2025. If you’re eligible and haven’t used your full cap for that year, this is your last chance to top up your super tax effectively and potentially save thousands in tax.

What Is the Concessional Carry Forward Rule?

Since 1 July 2018, the Australian Tax Office has allowed individuals with a total super balance under $500,000 as at 30 June of the previous financial year to carry forward unused concessional contributions for up to five years.

  • The annual concessional cap is $25,000 for 2019–2020.
  • If you didn’t use all of it then, you can “catch up” now but only until 30 June 2025.
  • After that, the unused portion from that year expires permanently.

Why It Matters

High income individuals and successful business owners often face significant tax liabilities. Strategically contributing to super using the carry forward rule could allow you to:

  • Offset taxable income in a high-income year
  • Boost your retirement savings
  • Take advantage of the 15% concessional tax rate within super (compared to your marginal rate)

Contributing an additional $25,000 (if total concessional superannuation cap was unused from 2019–2020) could reduce your taxable income significantly. All while building long-term wealth in a tax-effective structure.

Who Should Act Now?

If this sounds like you, the window is closing fast.

Speak to a Specialist

As with any financial strategy, timing and accuracy are everything. We strongly recommend speaking with a qualified accountant or financial adviser who understands your goals and can guide you through the process before the deadline.

Get in touch with SKD Accountants today and let’s explore how this opportunity can fit into your overall tax strategy.

GET IN TOUCH WITH US

Contact SKD Accountants today to find out how we can help you.

Doncaster Office:

Daniel Thong
Chartered Accountant
Director

Phone number

+61 434 285 409

E-mail address

daniel@skdaccountants.com.au


Address

69 Ayr Street
Doncaster VIC 3108

Keilor Downs Office:

Tony Thong
Chartered Accountant
Director

Phone number

+61 433 704 405

E-mail address

tony@skdaccountants.com.au


Address

16 Kavanagh Crescent
Keilor Downs VIC 3038

Is Your Business Cash Flow Healthy? How to Check, Fix, and Future-Proof Your Finances

Is Your Business Cash Flow Healthy? How to Check, Fix, and Future-Proof Your Finances

Cash flow isn’t just a line on your financial reports, it’s the oxygen that keeps your business alive. If you’ve ever had to delay paying a supplier or worried about covering wages, you already know how critical it is.

For Australian small businesses, managing cash flow well can be the difference between sustainable growth and sudden closure. While profit tells you if your business is viable, cash flow shows whether your business is survivable.

So, how can you tell if your business is cash-flow healthy? Let’s take a look.

Common Pressure Points That Disrupt Cash Flow

Your cash flow can be influenced by many factors, including:

  • Seasonal dips in sales
  • Customers paying late
  • Equipment upgrades or asset purchases
  • Economic changes or interest rate hikes
  • Changes to supplier or employee costs
  • Expansion into new products or markets

Understanding what’s impacting your cash inflow and outflow is the first step to taking back control.

Five Signs Your Cash Flow Needs Attention

Here are some key red flags to look out for:

  1. You’re regularly using your overdraft or credit card just to get by
  2. Suppliers are following up because your bills are overdue
  3. You’re uncertain how much cash is available next month
  4. You’re delaying tax payments or superannuation contributions
  5. Growth is on hold because you can’t fund it confidently

If any of these sound familiar, it’s time for a check-up.

Practical Tips to Strengthen Your Cash Flow

You don’t need complex financial models to get started. Here are some actionable steps you can take this week:

Forecast, Don’t Just React

Set up a basic 90-day cash flow forecast. Use your historical income and expense data to project what’s ahead. This allows you to plan, not panic. When expenses or quiet months arise.

Tighten Your Invoicing Process

Send invoices as soon as work is completed, and follow up with automated reminders. Consider moving to 7 or 14-day payment terms, especially for smaller jobs or repeat customers.

Renegotiate Supplier Agreements

See if suppliers can offer longer payment terms or discounts for early payment. You might also uncover better deals elsewhere, especially on things like software, telephone, internet or insurance.

Cut or Reallocate Unused Expenses

Audit your software subscriptions, utilities, and services. Are you paying for tools no one uses? Could you sublet part of your office or move to a hybrid model?

Free Up Locked-In Capital

If too much of your capital is tied up in stock or slow-paying invoices, explore options like inventory reduction strategies or invoice finance (just ensure you understand the costs involved).

Optimise Before You Expand

Planning to grow? Don’t scale your cash flow problems along with your business. Before you invest in new staff, a second location, or marketing campaigns, ensure your cash flow can support the next step.

A healthy, well-managed cash flow ensures you can:

  • Seize new opportunities confidently
  • Avoid “feast or famine” cycles
  • Protect your business during downturns
  • Improve your borrowing potential with lenders

When It’s Time to Ask for Help

Sometimes it takes a fresh set of eyes to spot what’s draining your cash flow. At SKD Accountants, we help small businesses across Australia identify hidden risks, fix leaks, and build a financial game plan for long-term success.

We can assist with:

Book Your Free Cash Flow Chat

Want practical advice you can apply straight away? SKD Accountants offer a free, no-obligation 30-minute consultation to help you understand your numbers and improve your financial resilience.

Let’s get your business financially healthy and ready for anything.

GET IN TOUCH WITH US

Contact SKD Accountants today to find out how we can help you.

Doncaster Office:

Daniel Thong
Chartered Accountant
Director

Phone number

+61 434 285 409

E-mail address

daniel@skdaccountants.com.au


Address

69 Ayr Street
Doncaster VIC 3108

Keilor Downs Office:

Tony Thong
Chartered Accountant
Director

Phone number

+61 433 704 405

E-mail address

tony@skdaccountants.com.au


Address

16 Kavanagh Crescent
Keilor Downs VIC 3038

Cash Flow Quick Wins: 6 Tweaks You Can Make Now

Cash Flow Quick Wins: 6 Tweaks You Can Make Now

If you’re like many small business owners, managing cash flow can feel like juggling fire. One minute everything’s running smoothly, the next, you’re scrambling to cover payroll or a supplier invoice. The good news? A few strategic tweaks can make a big impact quickly.

Here are 6 cash flow quick wins you can implement now to create breathing room and boost your financial stability.

  1. Tighten Up Your Invoicing Cycle

The faster you invoice, the faster you get paid. Review your current invoicing process, are there delays? Set a rule to send invoices within 24 hours of delivering a product or service. Also, consider offering small incentives for early payments.

Tip: Set up automated reminders to follow up on unpaid invoices. You’ll be surprised how often a gentle nudge speeds things up.

  1. Negotiate Better Payment Terms with Vendors

Cash flow isn’t just about bringing money in. It’s also about slowing how fast it goes out. Don’t be afraid to reach out to suppliers and ask for extended payment terms or discounts for early payment. Many vendors are open to negotiation, especially if you’ve been a reliable customer.

  1. Cut Unnecessary Subscriptions and Expenses

Review your bank statements and monthly expenses. Are you still paying for software, tools, or memberships you no longer use? Trimming even a few hundred dollars a month in waste can make a noticeable difference in cash flow.

Tip: Do a 15-minute audit this week. Cancel or downgrade anything that isn’t adding real value to your business.

  1. Introduce a Partial Payment Option

If you provide services over time, consider offering clients the ability to pay in installments. This not only makes it easier for clients to commit, but it also gives you consistent cash flow rather than waiting for a lump sum.

  1. Raise Prices Strategically

It may feel uncomfortable, but even a modest price increase can dramatically impact your bottom line. Especially if your services are already undervalued. Communicate the value you bring and consider adjusting pricing for new clients or projects moving forward.

  1. Set Up a Cash Fund

Treat your business like a living, breathing entity. Just as people need savings for emergencies, your business should have a small buffer. Build a cash buffer of at least 3 times what your monthly operating expenses are into a separate account.

Ready to Take Control of Your Cash Flow?

You don’t need a full financial overhaul to get results. Just small, consistent improvements. If you want to go from cash strapped to cash smart, we’re here to help.

Let’s talk about what cash flow tweaks will work best for your business.

GET IN TOUCH WITH US

Contact SKD Accountants today to find out how we can help you.

Doncaster Office:

Daniel Thong
Chartered Accountant
Director

Phone number

+61 434 285 409

E-mail address

daniel@skdaccountants.com.au


Address

69 Ayr Street
Doncaster VIC 3108

Keilor Downs Office:

Tony Thong
Chartered Accountant
Director

Phone number

+61 433 704 405

E-mail address

tony@skdaccountants.com.au


Address

16 Kavanagh Crescent
Keilor Downs VIC 3038