More than half a million small businesses stand to benefit from tax cuts included in the 2017-18 NSW Budget, according to Treasurer Dominic Perrottet. In a statement, released yesterday, the Treasurer announced: “From 1 January 2018, the NSW Government will abolish insurance duty for small businesses on commercial vehicle insurance (including aircraft), professional indemnity insurance, […]
Ten Network Holdings Limited (ASX: TEN) (“TEN” or “the Company”) announces that Mr Mark Korda, Ms Jennifer Nettleton and Mr Jarrod Villani of Korda Mentha have been appointed as voluntary administrators of the Company and each of its subsidiaries (together the “Ten Group”) by the Ten Group Directors. This decision follows correspondence received from Illyria […]
Trains depend on power to move forward, just as businesses depend on a steady cash flow to succeed. One of the best ways to maintain a healthy cash flow is to understand which types of customers can change the course of your business, for better or for worse. To ensure your cash flow train remains […]
Sometimes, it’s inevitable that we have to deal with a slow or non-paying customer. Here are 5 benefits to registering a default against debtors that can help you and other businesses. 1. It can encourage a debtor to pay its debt faster and on time 2. It demonstrates that you take debt seriously 3. It […]
After the Federal Budget was announced on Tuesday, 9 May, small business owners will be trying to work out what matters most to them. Here are three main things we have been reviewing that may impact how small business do business – and it is mostly for the better. 1. LESS RED TAPE It is […]
This week, CreditorWatch is celebrating a growth milestone of 50,000 customers! Since being launched in 2011, CreditorWatch has expanded both its product offerings and operations across Australia. Reflecting on the journey, managing director and founder at CreditorWatch, Colin Porter says “I want to say thank you to all our customers, partners and the wonderful team […]
Findings from the Small Business Risk Review have been released for the first quarter of 2017. The latest quarterly analysis of aggregated and trade payment data reveals a need for businesses to be more vigilant of their customers. Court actions in Victoria and New South Wales have risen 6 months after a significant increase of the average payment […]
No business operates in complete isolation. Agreements must be made between your business and its customers, as well as with other businesses such as suppliers and distributors. So how do businesses enforce their agreements? The answer is through the formation of legally binding contracts. Unfortunately, many businesses get caught out with unenforceable contracts and, in turn, […]
You’ve done the work, you’ve invoiced. Now you wait. Every business owner knows the challenge of getting debtors to pay on time. But is there more you can do to keep the collections train moving forward when other businesses stall? Put simply, yes. Businesses that are effective in making collections have aligned their credit control […]
By extending payment times to small businesses in the supply chain, large Australian and multinational organisations are effectively using them as ‘a cheap form of finance’, according to a new report by the Small Business and Family Enterprise Ombudsman (ASBFEO). The report, which responds to the Ombudsman’s inquiry into payment times and practices, highlighted the […]