The ATO will be Visiting Cash Businesses

Cashed-based business? Time to move ahead CASH CONTINUES TO be common in some types of businesses. However, the ATO urges Australian businesses to be aware of the numerous advantages of electronic payment and record keeping systems — especially in the long run. The...

Do Circulating Asset Provisions Protect You?

How to use your assets as security for a loan YOUR BUSINESS MAY need working capital in order to grow, but perhaps you are reluctant or unable to secure a loan for it. If you have in place sound credit management procedures, one option is to sell your receivables —...

“Factoring” or “Debt Collection”: Which Will Work Better for You?

Did you know you can “sell” your debt for cash? CREDIT MANAGEMENT IS a serious issue for all businesses. Debtor non-payment is a chief reason many businesses fold — a sentiment driven home by Director, FIFO Capital Newcastle, Zsolt Bircsak....

Are Customers Legally Obligated to Pay You?

Want to get paid? Have a contract in place! THERE ARE PLENTY of risks to operating your own business, but the largest ongoing one is making certain that your customers pay you, and do so on time. This is known as debt or credit management. Each state has their own set...
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