New research indicates that the Government might face a wave of ‘tax debtors’ within the Australian business community when the stimulus and wage subsidies end in September. This is because, even before the nationwide shutdown – when the economy was fairly healthy – 25 per cent of businesses could not find the cash to pay […]
As a small business owner, you could be wondering if during the chaotic times of COVID-19, is it still possible to sue a customer for an unpaid account/debt? In the first instance, you should try as hard as you can to recover funds you’re owed through processes such as payment plans if a customer simply […]
CreditorWatch recorded a 42% increase in its customer base over two years on the way to reaching a major growth milestone, this month: 50,000 customers. Founder and managing director Colin Porter spoke to Dynamic Business about the genesis, success and future of the credit reporting bureau, which launched six years ago. DB: What was your […]
Regardless of the successes your business achieved in 2016, a ‘financial detox’ is an invaluable opportunity to take things to the next level this year. Like a personal detox, a business cleanse is focused on boosting energy levels and performance. Specifically, it’s all about understanding your financial vulnerabilities and cash flow pressures and creating a foundation to fund […]
New research by MYOB highlighting the financial and emotional toll late customer payments are having on SME owners has prompted the cloud accounting provider to renew calls for federal government and big business to implement a solution. The company’s latest SME Snapshot, revealed 77% of business owners had been impacted by late payments. Notably, 35% […]
June 30 always seems to sneak up on us doesn’t it? There’s a lot involved in preparing your business documentation for the end of financial year. If you are a small business, it is highly likely that you need to do everything to manage your business, from administration, marketing to bookkeeping. Business is running well […]
Behind every start up is an aspiration to do something different. The attraction to do something different attracts fellow travellers all keen to be different and break with the boring services, products and maybe procedures of more established companies. This can be a trap for young players. Behind every successful and exciting company is a […]
Debtors can suck the cash out of your business and leaving you struggling to pay your bills.
Dynamic Business, as the voice of Australia’s small businesses, is again conducting its Credit and Debt Survey in partnership with CreditorWatch. Every person who completes the survey will go in the running to win one of three annual CreditorWatch subscriptions, valued at over $200.
More SMBs are looking to secure their cashflow and funding thanks to the tightening credit market, with a report finding a staggering surge in credit insurance claims during May.
