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CreditorWatch Blog

Insolvency

Australian businesses must pay attention China’s economic slowdown

Australian businesses must pay attention China’s economic slowdown

China’s economic slowdown is forecast to trigger increased trade credit risk in Australia and the broader Asia Pacific region, according to new Atradius research*. The Atradius 2015 Payment Practices Barometer for the Asia Pacific region found that Australia and Indonesia, both of which are heavily dependent on commodity exports to China, were particularly susceptible to […]

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Knowing when to outsource your debt collections

Knowing when to outsource your debt collections

Is it time to outsource your debt collection? Growing debt levels, rising bankruptcy rates and positive industry reform stemming from revised debt collection guidelines issued last year have led many Australian businesses to seek professional help in recovering their customer debts. If you’ve never outsourced your business’ debt collections before, it can be daunting knowing […]

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400 businesses in Melbourne and Perth to be audited by FWO

400 businesses in Melbourne and Perth to be audited by FWO

250 businesses in Melbourne’s Dandenong region will be audited by the Fair Work Ombudsman as part of a new campaign to check that employers are paying the correct minimum hourly rates, penalty rates, allowances, loadings and providing appropriate meal breaks. Fair Work Ombudsman Natalie James says the Dandenong region is home to thousands of businesses […]

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Customer service vs. chasing payments: Getting the balance right

Customer service vs. chasing payments: Getting the balance right

Customer service vs. chasing payments – it can be tough to get the balance right between keeping a customer happy and getting your bills paid on time. There are few things tougher for an SME than trying to collect overdue invoices from clients while also keeping them on-side. To ensure this process is made as […]

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Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration

Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration

Despite the recent tax amnesties granted to wealthy individuals with monies in offshore tax havens the Australian Tax Office has been militant in its recent debt recovery efforts against SMEs. The importance of efficient credit management has again been brought to the forefront as smaller operators who have essentially been using the ATO as a […]

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Cash flow is a whole of business system, not just an invoice and collect system

Cash flow is a whole of business system, not just an invoice and collect system

In recent times the amount of articles and blogs in business circles written surrounding the topic of small business debtors and the ability to get paid on time, if printed, would probably be enough to cover the entire country in paper. I certainly know that I have covered this topic in the past and yet […]

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What to do when your customer doesn’t pay

What to do when your customer doesn’t pay

No matter the size of your business, if you’re offering credit to your customers it’s highly likely at some point you will do work for a customer who will blatantly refuse to pay. The most effective tool for collecting money you are owed is simply picking up the phone and asking your debtors if there […]

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Personal Property Security: It’s In The Ts & Cs

Personal Property Security: It’s In The Ts & Cs

The Personal Property Securities Act 2009 (PPSA) was quite the landmark move for Australian business, providing a single national law that replaced separate Commonwealth, State and Territory laws, leading to the establishment of the Personal Properties Securities Register (PPSR). Australian businesses suddenly had one place they could register personal property as a way to secure […]

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Battle to recover super from phoenix operators intensifies

Battle to recover super from phoenix operators intensifies

The Australian Taxation Office is ramping up its response to rogue phoenix operators who exploit seasonal workers, and pocket their superannuation entitlements. The ATO has so far managed to recover around $8 million in worker’s superannuation entitlements from the operators of labour-hire companies in South Australia and Victoria who have engaged in phoenix behaviour. The […]

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How to Find a Missing Debtor

How to Find a Missing Debtor

Getting a debtor to pay a delinquent account can be tricky, especially if they’ve left town with no forwarding address. There’s no need to write off the debts of a missing debtor. Often you can track them down as long as you know where to look. What is skip tracing? If you’re not familiar with […]

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