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CreditorWatch Blog: Page 2

A Positive Third Quarter for Australian Small Businesses

A Positive Third Quarter for Australian Small Businesses

Reading Time: 2 minutes CreditorWatch’s Small Business Risk Review for Quarter 3, 2018, shows an improvement in conditions for the majority of Australia in comparison to Quarter 3, 2017. Download our infographic Court actions and dollar amounts have decreased from last year’s third quarter for all states except Victoria. Western Australia has seen its court actions and judgements decrease […]

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Five tips to prevent late payments – instead of chasing them!

Five tips to prevent late payments – instead of chasing them!

Reading Time: 4 minutes Late payments are a constant source of stress and strain for Australian small businesses. Research from Intuit reveals that small businesses are left an average of $13,200 in the red by late paying customers. This can have a serious effect on cash flow. Not only that, but small business owners end up spending an average […]

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PPSR: Getting It Right – Webinar Recap

PPSR: Getting It Right – Webinar Recap

Reading Time: 4 minutes If you didn’t catch our Part 2 webinar series on PPSR: Getting It Right, here is a summary of the main points we covered. Recently, Paul Mead, CreditorWatch PPSR Specialist and Terry Ledlin, Special Counsel at Ledlin Lawyers, held the second webinar of the PPSR series which explored the importance of registering accurately, avoiding common […]

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PPSR 7-Year Anniversary: Are you ready?

PPSR 7-Year Anniversary: Are you ready?

Reading Time: 2 minutes A huge volume of PPS registrations are due to automatically expire over the next 18 months – is your business ready? AFSA (being the government department responsible for the #PPSR) has recently released a set of statistics showing the number of registrations that will automatically lapse, if you don’t take positive steps to renew your registrations. I have modelled […]

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The five cash flow commandments any small business should live by

The five cash flow commandments any small business should live by

Reading Time: 4 minutes There’s a reason that you often hear the phrase ‘cash is king’ as a small business owner. No business, irrespective of its size, can sustain itself without a healthy amount of cash in the bank. Even Tesla, the leading electric car manufacturer and technology pioneer, saw its share price nosedive following concerns its cash reserves […]

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PPSR Series Part 3: Notable Case Studies

PPSR Series Part 3: Notable Case Studies

Reading Time: 4 minutes Understanding PPSR with case studies The Personal Properties Securities Act (PPSA) has a reputation of being a confusing topic, even for lawyers. It’s vital to ensure that registrations are completed with accurate information. However, that isn’t the only point to keep in mind. The notable case study examples listed below highlight some other points to […]

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PPSA Made Easy – Webinar Recap

PPSA Made Easy – Webinar Recap

Reading Time: 2 minutes Recap the most important points of our PPSA webinar Our recent webinar featuring Paul Mead (our CreditorWatch PPSR expert) and Terry Ledlin (Special Counsel of Ledlin Lawyers) was a great success and one of our most attended webinars ever. In case you missed it, the Personal Property Securities Act (2009) (PPSA) requires you to think […]

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PMSI’s and trust companies, to ABN or to ACN?

PMSI’s and trust companies, to ABN or to ACN?

Reading Time: 2 minutes Answering one of the most common questions about PPSR The introduction of the Personal Property Securities Register (PPSR) was meant to make life easier for secured creditors, credit managers, trading creditors and other stakeholders. But as many in the industry can attest too, this is rarely the case. At the recent presentations I gave at […]

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Stay ahead of costly phoenix activity

Stay ahead of costly phoenix activity

Reading Time: 2 minutes Prevent being affected by phoenix activity The federal government has recently introduced a “new” hotline for anyone to report businesses that they believe are undertaking phoenix activity. This comes as a 2018 report from PricewaterhouseCoopers, funded by the government, revealed that the estimated annual cost of phoenix activity was now $5.13 billion dollars. In 2012, […]

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Avoid risk: Consider underlying trends challenging small business

Avoid risk: Consider underlying trends challenging small business

Reading Time: 2 minutes The second Small Business Risk Review for 2018 highlights relatively stable conditions in comparison to the previous financial year. However, there is still an underlying trend where businesses are facing challenges. It is no surprise that we continue to see big jumps in dollar amounts and court actions in Queensland due to the end of […]

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