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CreditorWatch Blog

Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 across all states, with the exception of WA, by 18% volume and 13% dollar amount. Victoria took the lead with the highest amount of court actions, followed by New South Wales. Victoria had the highest dollar amounts in July 2017 and April 2019. Western Australia had the least amount with […]

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More Resources to Support Small Business Growth Have Been Launched

More Resources to Support Small Business Growth Have Been Launched

An industry-first Business Funding Guide that aims to help Australian small businesses tackle the funding crisis has been launched. The guide is primarily aimed at SME trusted advisors like accounts receivables and financial modelling professionals to help small business owners find the right funding and increase their likelihood of having funding approved. The guide was […]

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Tax Debt Transparency Back in Parliament

Tax Debt Transparency Back in Parliament

Would you like to know when a customer has a significant tax debt with the ATO? A government proposal to allow the ATO to share information about business tax debt to credit bureaus like CreditorWatch was re-introduced to parliament this week. The legislation would improve the ATO’s ability to address the $10 billion small business […]

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Giving Credit Where Credit is Due

Giving Credit Where Credit is Due

How to develop your credit policy: A step by step “little bit different” guide Did you know that the expression “giving credit where credit is due” can be traced back to a letter written by Samuel Adams in 1777 (that’s one of our American cousin’s Founding Fathers, not the iconic Boston beer of the same […]

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Three business habits to embrace in the new financial year

Three business habits to embrace in the new financial year

The new financial year is always a popular time to kickstart positive habits, and for small business owners, this applies just as much to the fiscal year as the calendar. With FY2020 just one week away, now is the opportunity to set clear goals and commit to business behaviour that will set you up for […]

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Small Business Risk Review Q1 2019: A Call for Due Diligence

Small Business Risk Review Q1 2019: A Call for Due Diligence

  The Small Business Risk Review Q1 2019, found that court actions across Australia have increased significantly in the 1st quarter of 2019 in comparison to Quarter 1, 2018.  It’s no surprise to see worrisome numbers in the first quarter. This is particularly due to the consequences of the holiday season. Despite the influx of […]

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Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

Results from the PPS Registrar’s Roundtable: How PPSR Logic fills the gap

The PPS Registrar’s roundtable held an interesting discussion about PPSR and where small businesses fit into it. The main theme emerging from the roundtable discussion was that small businesses feel confused. Small businesses fall into three categories: Those who don’t know about PPSR Those who know about it but can’t comprehend it as it is […]

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Small Business Risk Review: A concerning end to a mostly positive 2018

Small Business Risk Review: A concerning end to a mostly positive 2018

The final quarter of 2018 for small businesses didn’t exactly present the best outcome. Court actions and judgments across Australia (except WA) have increased significantly in the 4th quarter of 2018 in comparison to the previous year.  In addition, the average payment default value and cancelled unincorporated entities have increased. Download the infographic New South […]

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3 Steps to Minimise Business Worries This Holiday Season

3 Steps to Minimise Business Worries This Holiday Season

The holiday season can be a stressful time for small business owners. While many Aussies around the country are happily switching on their ‘out of office’ and heading straight to the beach, this time of year is a little different for those who run their own business. According to new research commissioned by Prospa, almost […]

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7 Ways to Unlock Cash Flow with Better Inventory Management

7 Ways to Unlock Cash Flow with Better Inventory Management

After 12 years working in lending, I’ve had many experiences of a customer needing to urgently increase their overdraft. The cause was nearly always a purchase that left the company unable to make payroll. In serious cases, we had to restructure their loans because they lost control of their stock, leading to penalty interest and higher […]

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