The reality of running a business is that, from time to time, a venture is not as successful as initially planned or hoped for.
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Cash flow is an integral part of any business, particularly for small and medium-sized enterprises (SMEs).
Category: Credit Monitoring
The ATO's collectable debt book of approximately $17 billion, of which 70 per cent is made up of small and medium businesses (SMEs), is significant
While this level of unpaid debt has clear repercussions on the ATO and government, it also has another, less obvious impact on the small business economy.
Category: Credit Report
Chasing a late payment can feel like the most awkward of jobs for the small business owner. These tips show you how to capitalise on a wealth of information now available on your debtors to help avoid those awkward conversations and get paid faster.
With more than 25,000 businesses becoming insolvent in Australia each year, securing their assets using the Personal Property Securities Register (PPSR) – a single, national online register of financial security interests – should be a top priority for small business operators.
Unfortunately, a significant number of SMEs don’t understand the process. Assets are not being correctly registered on the PPSR – which can lead to potentially catastrophic results.
Many credit providers rely on business credit reports to aid their decision making when assessing applications for credit.
Small business owners have a lot on their minds, especially when they are in the crucial first stages of establishment, and again when they start to think about expanding. The attraction of starting up or taking over a small business is the ability to bring a novel idea to the market and be responsible for the direction of your own career.
Following the announcement of the new Federal Budget, there has been a lot of information for businesses to digest. Fortunately, amongst the changes made, there is good news for Australian small businesses looking to upgrade their capabilities.