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CreditorWatch Blog

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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 […]

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5 Benefits of Our Newest Product: Bankruptcy Plus

5 Benefits of Our Newest Product: Bankruptcy Plus

CREDITORWATCH | 3 MIN READ CreditorWatch has recently introduced a new product, Bankruptcy Plus, in light of customer feedback. Just how valuable is this new tool and is it worth adding on to your subscription?    Over two years in the making, Colin Porter, founder of CreditorWatch, has been lobbying Australian Financial Securities Authority (AFSA) to […]

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New ATO power will wind up bad debtors but protect ‘good’ businesses, says credit bureau

New ATO power will wind up bad debtors but protect ‘good’ businesses, says credit bureau

The Australian Taxation Office (ATO) will be empowered to report a business’s overdue tax debts to credit reporting bureaus under draft legislation released by Minister for Revenue and Financial Services, Kelly O’Dwyer. The legislation, which – together with explanatory material – is now available for public comment, will require a business to “effectively engage” with […]

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How to master risk management in an SME

How to master risk management in an SME

Every business owner understands that the rewards of running their own company are immeasurable, but the tradeoff is that you also bear the brunt of the consequences if things go wrong. This is why it’s important to have a risk management plan in place. Having a strategy for the common pain points that your business […]

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APPA Round Table – CreditorWatch HQ

APPA Round Table – CreditorWatch HQ

On Wednesday 5 July, CreditorWatch and the Australian Promotional Products Association (APPA) hosted a round table at CreditorWatch HQ in Sydney. A group of promotional product industry leaders, business owners and managers participated in a discussion around managing customer credit risk with technology. The event brought about discussion over challenges faced in the industry from […]

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IP Australia adopts image recognition tech to help SMEs better protect their trade marks

IP Australia adopts image recognition tech to help SMEs better protect their trade marks

The national intellectual property agency has introduced world-leading trade mark image recognition technology to make it easier for Australia’s small businesses and entrepreneurs to protect their logos and brands. The technology has been incorporated into IP Australia’s new Australian Trademark Search Tool to make the process of searching for similar logos simpler and faster for […]

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A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds

A permanent $20,000 instant asset tax write-off for businesses tops SME wishlist, MYOB finds

Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]

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How will the economy Impact SMEs in 2017?

How will the economy Impact SMEs in 2017?

September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period includes the […]

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Square launches new e-commerce and point of sale payment solutions for Aussie businesses

Square launches new e-commerce and point of sale payment solutions for Aussie businesses

Square has expanded its range of secure payment solutions for Australian business owners, with the launch of two new APIs it says will reduce the complexity of accepting and tracking payments in-store and online.   The global payments technology company said its new API for e-commerce integrates with custom websites as well as pre-existing e-commerce […]

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