A 7-Step Collection Strategy to Get Paid Faster
Want your clients to pay faster? Improve your debtor management and increase your chance to get paid faster with these cash flow tips.
Small Business Late Payment Solutions Part 2: It’s time to embrace accessible technology
Recently, CreditorWatch caught up with Noel Tiufino (Managing Director) and Raj Saini (Partner) from MyAccounts and Angus Capel (Small Business Advocate) from Xero to have a discussion about late payments and what small businesses can do about them. Our chat was so insightful that we are bringing you the results with a two-part series. In […]
Small Business Late Payment Solutions Part 1
Everyone needs to play their part Recently, Creditorwatch caught up with Noel Tiufino (Managing Partner) and Raj Saini (Partner) from MyAccounts and Angus Capel (Small Business Advocate) from Xero to have a discussion about late payments and what small businesses can do about them. Our chat was so insightful that we are bringing you the […]
How to get the best from your business by planning ahead
Use business finance to reach your business goals If you’re a business owner, business finance is likely to be key for you. Whether it allows you to manage cash flow or to grow and expand your business, there are all sorts of business finance options, which help you work to provide the best possible service […]
5 Major Changes You May Have Missed in 2017
It’s usually at this time of the year when we collectively sigh and ask “Where did that year go?” If life is what happens when you are busy making other plans, then you may have missed some critical happenings in 5 areas that could impact you in 2018. Let’s have a landscape big picture view […]
5 signs of an unreliable client
With any business relationship, performance is only ever as strong as the trust you hold in one another. And as your relationship progresses with a client where trust is lacking, it’s harder to cut ties and accept your losses. It’s critical then to decide whether a prospective client is the right fit for you and […]
Are you ready for a data breach? Here’s what you need to know
Kmart, Deloitte, Yahoo, Virgin America and the C.I.A. – no doubt these names are familiar to you, but did you also know that these organisations (and others) were all involved in some of the biggest data breaches of 2017? Your digital footprint and your data is everywhere, you hand it over unwittingly every day of […]
Tips to manage your business tax debt
If your business has a tax debt, you’re not alone. The Australian Tax Office (ATO) was owed $12.5 billion by Australian small businesses at 30 June 2016. While most of this was paid on time, many businesses cannot afford to pay their GST and PAYG debts, as well as their superannuation debts, by their due […]
Four ways to deal with financial difficulties in your business
All businesses, even great ones, face challenges. Despite your best efforts as a director to maintain your company’s prosperity, some challenges can be too much to overcome on your own. In Australia, 7,464 companies entered liquidation or administration in the 2016/2017 financial year, according to the Australian Securities and Investments Commission (ASIC). Financial difficulties are […]
The Paradox of a Bad Debt – Five Fun Facts
It’s that time of year (again) when you have to decide whether you should “take the hit” and write-off that bad debt and (subject to complying with ATO requirements) claim a deduction OR keep chasing the debtor. You can do both of course, but often once the debt is off the books and not front […]