All businesses, especially SMEs, need to set a game plan to recover late payments and avoid bad debt. Read on for BBW Lawyers' five steps to collecting what is owed to you.
Recent surge in ATO wind ups – Directors failing to consider the utility of Voluntary Administration
Despite the recent tax amnesties granted to wealthy individuals with monies in offshore tax havens the Australian Tax Office has been militant in its recent debt recovery efforts against SMEs. The importance of efficient credit management has again been brought to the forefront as smaller operators who have essentially been using the ATO as a […]
No matter the size of your business, if you’re offering credit to your customers it’s highly likely at some point you will do work for a customer who will blatantly refuse to pay. The most effective tool for collecting money you are owed is simply picking up the phone and asking your debtors if there […]
Struggling to recover debt from your Gen Y customers? If you understand their spending attitudes, you can work on planning to help motivate them to pay.