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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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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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The Riskiest Industries of Financial Year 2019

The Riskiest Industries of Financial Year 2019

CreditorWatch reviewed industry data across that last 12 months. It may be no surprise to some that the riskiest industry was Construction. The statistics were loud and clear across each state that construction was performing poorly. New South Wales was the riskiest in Construction by 33%. New South Wales had the highest court actions in […]

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Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

Small Business Risk Review Quarter 2, 2019 – What’s going on with NSW, SA and VIC?

The second quarter of 2019 saw a continued increase in court actions for New South Wales, South Australia and Victoria. Comparing this quarter with Quarter 2, 2018 really highlights the increase in court actions and judgments for those three states. Since December 2018, NSW has seen a steady rise in court actions. However, the largest […]

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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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How to choose the right funding option for your small business

How to choose the right funding option for your small business

The right funding option can keep your small business moving and enable you to seize new opportunities to grow. Capital is key, but it’s important to consider the appropriate finance solution for your specific needs as no small business is the same. There are a lot of options to choose from these days, and below […]

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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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Don’t fall behind: Improve your credit management through data and technology

Don’t fall behind: Improve your credit management through data and technology

It’s unmistakable that we live in a digital age. So many of our processes are now automated and streamlined through innovative technology. Accounting, marketing, communication, databases and more are all digitalised now. However, many small businesses are still running processes in the old school way. A Small Business Insights Report by XERO found that two-thirds of […]

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