Do you really know & understand the financial health of your best customers? Many small business owners are not aware that their biggest exposure to credit default may lie with their top five customers. It often comes up in conversation with business owners. The confidence, good relations and trust that is built up over time […]
A piece of legislation came into being on the 1st of January this year that will have major ramifications for small businesses in Australia. The Payment Times Reporting Bill 2020 established the Payment Times Reporting Scheme, which requires businesses with an income of more than $100 million to report on their payment terms and practices […]
Aussie businesses call for tax cuts as new data reveals uncertain market conditions biggest worry for SMEs SYDNEY, 20 August 2021 — CreditorWatch, Australia’s leading digital credit reporting bureau, has released brand new customer sentiment data on the biggest challenges that Australian businesses faced last financial year, and how they’re feeling as we enter the current financial […]
We've teamed up with Brad Bulow and Angela McDonald to give small businesses practical and easy-to-implement advice on preventing bad debt, collecting late payments and protecting cash flow.
Are you an Australian small or medium-sized business affected by the coronavirus? Find out how to protect your business and manage your supply chains with this blog post.
Seven in ten small businesses want the $20,000 instant asset tax write-off to continue past 30 June, this year, when it is due to expire, according to accounting software provider MYOB. The latest MYOB Business monitor, a bi-annual survey of more than 1,000 small businesses, asked operators what policies they would and wouldn’t vote. MYOB […]
September 2016 was a mixed month for the Australian economy, and one that brought both incredible milestones and sudden, unexpected troughs. To begin with, the end of the month saw Australia complete its 100th consecutive quarter without a recession, continuing a 25-year growth streak that is the second highest in history. Given that this period includes the […]
Talk of a looming recession is being shrugged off by SME operators, according to the latest Business Monitor from accounting software provider MYOB. The bi-annual survey of more than 1000 SME operators found that 26% expect the economy to improve over the next year, while a further 33% expect it to remain the same. The […]
Two in five SME owners either operate multiple businesses or plan to, according to new research from MYOB with Tim Reed, the cloud accounting provider’s CEO, declaring “the great Australian entrepreneurial spirit is alive and well.” Findings from MYOB’s latest SME Snapshot – a survey of 589 business owners – indicate that a quarter of […]
Despite federal election promises of greater support for SMEs, businesses owners remain pessimistic about the Australian economy, with two in five expecting it to worsen in the coming year, the latest MYOB Business Monitor revealed. The bi-annual national survey of over 1,000 SME operators found that 42% believe the economy will decline over the […]