debt

debt Archives

end of financial year

Six tax tips for your small business this EOFY

Good record-keeping is your best friend for efficient business management and will also make life easier if the ATO asks...
debt, financial recovery

Court wind-ups on the rise as ATO and banks go hard on debt

The ATO and the banks, in particular, are using all the tools in their arsenals to recover monies owed – including long-...
late payments, payment times

Overdue invoices and debt indicate deteriorating business conditions through 2023

Businesses in the food services and construction industries are showing the highest failure risk, closely followed by th...
pride, EOFY

Top EOFY tax tips for SMEs

As a consequence of the pandemic, the government expanded its instant asset write-off scheme for small businesses to enc...

Small-business owners cautioned over committing to personal guarantees

The use of personal borrowings and mortgage guarantees for business borrowings increases household and individual financ...
early stages, grow, start-up

Small-business growth – three indicators you are ready for the next step

It is important to equip the next generation of small-business thinkers, doers and entrepreneurs with the right tools to...
debts

Good debt vs bad debt: an entrepreneur’s must knows

When considering taking on debt It is important to weigh what it will cost in monetary terms versus the outcome for the ...
debts

How to better manage business debt

Having your debts mapped out will help you to not only stay on top of repayments but also gives you a planning tool shou...
fear, red flags, tougher

Tougher road ahead for Australian SMEs

Only SMEs that are profitable, that have a legitimate and successful business plan and that are seeing strong demand for...
statutory demand, debtor, sbr

Tax debts trigger interest in Small Business Restructuring plans

The major benefit of an Small Business Restructure is that SMEs can continue to operate with their directors retaining d...