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CreditorWatch Blog

Managing your money through managing your debtors

Central QLD small businesses to benefit from $770,000 in new funding

Central QLD small businesses to benefit from $770,000 in new funding

A new wave of Federal Government funding is set to provide entrepreneurs and small businesses in Central Queensland with more advice and support. $770,000 has been injected into Queensland’s Bundaberg Business Enterprise Centre (Bundaberg BEC) as part of the Australian Small Business Advisory Services (ASBAS) Central Queensland National Interest Initiative. “The Abbott Government allocated the […]

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Overseas economic woes cause drop in Australian consumer confidence

Overseas economic woes cause drop in Australian consumer confidence

Most of the upswing in consumer confidence that came as a result of the Government’s Budget has been reversed this week, according to the latest ANZ-Roy Morgan Consumer Confidence findings. Consumer confidence fell 4.6 per cent, dropping to 111.0. The economic outlook for the next year dropped by 8.2 per cent, while the economic outlook […]

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Businesswomen who underpaid because minimum pay rates are “just crazy” fined $228,000

Businesswomen who underpaid because minimum pay rates are “just crazy” fined $228,000

A $228,000 fine has been handed down to the operator of a travel services company for underpaying an employee because she thinks the requirement of minimum pay rates is “just crazy”. Melbourne businesswoman Na Xu was penalised $35,496 and her company Grandcity (GW) Travel & Tour Pty Ltd fined a further $192,840 for underpaying an […]

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Further legislation introduced to support small business

Further legislation introduced to support small business

Three measures aimed at supporting small business were introduced yesterday as part of the Government’s $5.5. billion Jobs and Small Business package. The new legislation allows for unincorporated small businesses to receive a five per cent tax discount and gives new small businesses the chance to deduct start-up expenses immediately. Expenses such as legal advice […]

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FWO crackdown on hospitality industry unveils over $1.2 million in underpayments

FWO crackdown on hospitality industry unveils over $1.2 million in underpayments

The Fair Work Ombudsman has conducted spot checks in restaurants, cafés and catering companies throughout the country, finding over $1.2 million in underpayments in the process. A total of 2,752 employees in 456 businesses were underpaid over $1.215 million, $386,000 of which came from the underpayment of 698 staff members in Victoria alone. The spot […]

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Manufacturing sector continues improvement

Manufacturing sector continues improvement

Australia’s manufacturers are seeing improving conditions, according to the latest ACCI-Westpac Survey of Industrial Trends.  The survey has revealed strengthening conditions for the third consecutive quarter, with a rise in building activity and an improvement in service sector investment cited as positive contributors. The recent Budget’s jobs and small business focus is also being highlighted […]

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Business spending hits 3-year high

Business spending hits 3-year high

Small businesses look to be responding to the Federal Budget’s stimulus. The latest Commonwealth Banks Business Sales Indicator (BSI) has revealed spending by Australian businesses peaked in May, reaching the highest sales growth in three years. The BSI jumped 0.8 per cent in trend terms during the month of May, following similar rises during March […]

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