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CreditorWatch Blog

Managing your money through managing your debtors

NSW Budget: measures will save money for up to 600,000 small businesses, treasurer says

NSW Budget: measures will save money for up to 600,000 small businesses, treasurer says

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, […]

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Ten Network enters voluntary administration despite steps taken to improve future earnings

Ten Network enters voluntary administration despite steps taken to improve future earnings

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 […]

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50,000 Customers and Growing!

50,000 Customers and Growing!

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 […]

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How to avoid unenforceable contracts

How to avoid unenforceable contracts

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, […]

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Small businesses being used as ‘cheap form of finance’ by larger ones: late payment inquiry

Small businesses being used as ‘cheap form of finance’ by larger ones: late payment inquiry

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 […]

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