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Finance
  • October 10 2019 The solution to small business late payments (Part 1)

    Noel Tiufino (Managing Partner) and Raj Saini (Partner) from MyAccounts and Angus Capel (Small Business Advocate) from Xero, recently spoke to Creditorwatch about late payments and what small businesses can do about them. In the Dynamic Business interview with Trent Innes at Xerocon (September 2019), we revealed just how much small businesses are affected by late Read More…

  • October 8 2019 “Non-property owners appear to be at a distinct disadvantage in small business”: Research from ebroker

    ebroker.com.au, the fintech matching platform that works with over 70 non-bank lenders, has released a series of statistics revealing insights into Australian small business lending habits. The insights are taken from a sample of just over 10,000 unique businesses using ebroker.com.au over the last 12 months, through to the end of June 2019. Urgent loans Read More…

  • October 4 2019 Lessons from the Thomas Cook collapse: how to tell if a company is in trouble

    Thomas Cook, one of the world’s largest and oldest travel companies, recently went out of business due, at least in part, to unserviceable debt levels. (1) While carrying debt is a standard business practice and a legitimate cash flow management technique, businesses should keep a close eye on how much debt is too much, and Read More…

  • September 30 2019 Significant decline in SMEs naming accountants as their most trusted advisor

    Accountants are losing ground when it comes to SMEs nominating their most trusted business advisor, according to a national survey of more than 1000 Australian businesses. The September 2019 SME Growth Index found that only one in 20 business owners named their accountant as their most trusted business advisor. In 2017 when the question was Read More…

  • September 27 2019 National cash-flow crisis for small businesses

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell says fresh data reveals the extent of the cash flow crisis for small and medium-sized businesses in Australia. The latest SME Growth Index has found one in five SMEs are experiencing cash flow problems due to business loans being rejected. According to the data, the Read More…

  • September 24 2019 SME funding: Non-banks overtake banks for the first time

    For the first time Australian SMEs are more likely to use a non-bank ahead of their main bank to fund their 2019 growth plans, according to a national survey of more than 1000 businesses. The September 2019 SME Growth Index, to be launched this week, is conducted by banking analysts East & Partners, on behalf Read More…

  • September 19 2019 Average late payments to Aussie small businesses drop nationally

    Xero, the global small business platform, reports that late payments to Australian small businesses have seen an improvement. An analysis of hundreds of thousands of anonymised invoices by Xero Small Business Insights reveals a nearly 2.5-day decline in late-payment times in July across Australia. This is the biggest June-to-July drop in three years.  Businesses waited Read More…

  • September 16 2019 Have your say on the Business Funding Guide

    The Australian Small Business and Family Enterprise Ombudsman, Kate Carnell is seeking feedback on the Business Funding Guide. The guide, released in July by ASBFEO in partnership with Scottish Pacific Business Finance, is an industry-first publication primarily written for accountants, bookkeepers, brokers and other financial advisers, to help their small business clients find the right Read More…

  • September 10 2019 Small employers: It’s time to move to Single Touch Payroll

    Small employers (those with 19 or less employees) need to get ready for Single Touch Payroll (STP) ahead of the 30 September start date. STP became mandatory for small employers from 1 July this year, however, the ATO granted an extension to businesses that needed more time to get ready until 30 September. Recent insights Read More…

  • September 3 2019 How to spot if your business is in trouble

    Cash flow is the lifeblood of any business. A decent cash flow allows a business owner to pay staff and suppliers, meet their tax office obligations on time and deal with operational expenses – as well as making money for the shareholders and providing the funds needed to grow. Despite this, it’s frightening how many Read More…

  • August 28 2019 Understanding your small business loan options

    You can have the best business idea in the world but if you don’t understand the loan options available to you, you could sabotage your chances of success. There are all kinds of people running all sorts of businesses; not all of them have a background in the finance industry. So, when you find yourself Read More…

  • August 22 2019 What are the 6 most common employee payment errors made by major companies?

    When we think of major companies, we often assume that they have a large team of highly trained payroll professionals working to ensure that staff are getting paid properly – however this is not the reality for many organisations. In the last few months, we’ve seen two major food retailers come under fire for underpaying Read More…

  • August 22 2019 Assessing your cash flow the right way

    To be successful, every aspect of a business plan needs to be nimble. It is crucial to regroup as you progress along your path, assess, reassess and adapt. If you try a new digital strategy, for example, you would research, plan, roll it out, then check in to see how it’s performing. If it’s not Read More…

  • August 20 2019 What are the dos and don’ts of applying for finance through a broker?

    Let’s talk about finance. For a growing business, or a business going through a dip or slow period, it’s one of the most important subjects there is – and also one of the most daunting. If you get it wrong there could be dire consequences, and it’s not always easy to get. The most common Read More…

  • August 14 2019 1 in 3 organisations make employee payment mistakes regularly

    New data from an industry association has revealed that 1 in 3 Australian organisations admit to making employee payment mistakes every pay run, and the CEO and CFO never know about it. Across 45 per cent of organisations, it’s the employees who alert managers to the errors. The Australian Payroll Association (Australian Payroll Association) – Read More…