-->

CreditorWatch Blog

Small Business

End of Financial Year Planning 2018: Business Considerations

End of Financial Year Planning 2018: Business Considerations

With 30 June 2018 fast approaching, now is a good time to ensure your year-end strategies are in place. In doing so, it is worthwhile considering the following list of ‘Business Considerations’. Base rate entities From 1 July 2017, the tax rate for companies that meet the definition of a “base rate entity” is 27.5%. […]

Read More

CreditorWatch Roundtable Recap

CreditorWatch Roundtable Recap

CreditorWatch recently held it’s 5th annual roundtables in Melbourne and Sydney. The roundtables are not in place to sell CreditorWatch, but rather to provide an opportunity for guests to connect, learn and have valuable discussions with industry colleagues and government representatives. The events began with an introduction from Colin Porter, Founder of CreditorWatch. Colin provided the […]

Read More

What is a DataWash? 7 Reasons Why You Need One

What is a DataWash? 7 Reasons Why You Need One

CREDITORWATCH | 2 MIN READ In a world that seems to be moving faster every day, it might feel harder to find the time to manage your customer database and perform due diligence. However, the further you fall behind, the more at risk your business may become from bad debtors. For example, if a debtor has […]

Read More

How to Be a Debt Collector Without Straining Relationships

How to Be a Debt Collector Without Straining Relationships

Within the SME tangled web of suppliers and customers, there is a chance that some of the debtors will be family, friends or people who you have been working with for years. Most relationships are built on trust and therefore, businesses might be inclined to allow a debtor extra time to pay up if needed. […]

Read More

Despite Seasonal Trends, Small Businesses Have Generally Improved

Despite Seasonal Trends, Small Businesses Have Generally Improved

CREDITORWATCH | 2 MIN READ The first Small Business Risk Review for 2018 presents positive outcomes to the start of the year with a large decline in unincorporated entities and court actions across some states. Despite this, it is not all rosy as payment defaults have increased.   Notable Findings In comparison to Q1 2017, New […]

Read More

Xero and MYOB Integration with CreditorWatch

Xero and MYOB Integration with CreditorWatch

CREDITORWATCH | 2 MIN READ   Join Forces! Did you know you can unlock useful new subscription benefits by connecting your Xero or MYOB account with CreditorWatch?     Merging these accounting systems with CreditorWatch is a free service for subscribers that allows us to provide you with information to better protect your cash flow, including […]

Read More

My Data Rules: A Recipe for Creating Your Data Breach Response Plan

My Data Rules: A Recipe for Creating Your Data Breach Response Plan

CREDITORWATCH | 12 MIN READ Notifiable Data Breaches (“NDB”) With the commencement of the Privacy Amendment (Notifiable Data Breaches) Act 2017 (Cth) (“Privacy Act”) on 22 February 2018, not only is there an obligation on businesses to notify the regulator (the OAIC) about a “serious data breach” but also a requirement to have a Data […]

Read More

Jail time for employers who deny staff super

Jail time for employers who deny staff super

Employers who deny their employees their superannuation entitlements face up to a year in jail under legislation drafted by the Federal Government. According to Minister for Revenue and Financial Services, Kelly O’Dwyer, the purpose of the Treasury Laws Amendment (Taxation and Superannuation Guarantee Integrity Measures) Bill 2018 is protect workers’ superannuation entitlements and “modernise” the […]

Read More

Turnbull Government paying 60% of its small business invoices within 20 days, report shows

Turnbull Government paying 60% of its small business invoices within 20 days, report shows

Federal Government agencies are paying 96% of their small business contractors within thirty days of receiving an invoice, according to a new report. Minister for Small Business, Michael McCormack said the latest Pay On-Time report also found agencies were paying 60% of invoices up to $1 million within 20 days, and that the overall results were a […]

Read More