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CreditorWatch Blog

Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure

Small Business Risk Review Quarter 3, 2019: Topsy-turvy business conditions endure

Reading Time: 2 minutes Looking for data on Quarter 4? Read how the retail industry has fared at the end of 2019. CreditorWatch’s Small Business Risk Review for Quarter 3, 2019 highlights a large increase in the value of court actions in Queensland, concerning change for Western Australia and an increase in insolvencies across Australia. Quarter 3, 2019 continued […]

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Court actions increased in FY2019 in comparison to FY2018

Court actions increased in FY2019 in comparison to FY2018

Reading Time: < 1 minute Performing due diligence is more important than ever 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 […]

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More Resources to Support Small Business Growth Have Been Launched

More Resources to Support Small Business Growth Have Been Launched

Reading Time: 2 minutes This industry-first Business Funding Guide aims to help Australian small businesses tackle the funding crisis 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 developed by the Australian […]

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Tax Debt Transparency Back in Parliament

Tax Debt Transparency Back in Parliament

Reading Time: 2 minutes 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

Reading Time: 7 minutes 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

Reading Time: 3 minutes Prepare for a successful 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 […]

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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

Reading Time: 3 minutes What are the biggest business trends of Q1 2019? 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 […]

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

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

Reading Time: 3 minutes PPSRLogic makes it easier for customers to register their security interests 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 […]

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