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The most recent Commercial Risk Outlook Report from SV Partners has found that 8,782 businesses in Australia are at high risk of financial failure in the next 12 months. The report, which was released in March 2019, also listed the industries that are most vulnerable to financial strains. These industries include: Construction, Accommodation and Food
In a previous blog post, we discussed what garnishee orders are and how creditors can use them to recover a debt. Here, we will be looking at how garnishee orders are obtained and processed in the states of New South Wales and Queensland. The processes are quite similar, but there are a few differences that
If you have exhausted all other debt collection options but have not yielded any results, then obtaining a garnishee order might be best solution for you. Read on to learn more about how a garnishee order works, what benefits it offers, and how you can obtain one. Understanding Garnishee Orders A garnishee order is one
Recently, the Australian Taxation Office released a report announcing the conviction of a luxury property developer for large-scale goods and services (GST) tax fraud linked to illegal phoenix activity. The NSW District Court sentenced Benjamin Ensor to six years in jail and ordered him to pay reparations of over $1.8 million. According the report, the
Offering credit as a payment method to your customers is somewhat of a double-edged sword. On one hand, it can open your business to more new clients as you are showing that you are versatile and committed to making things easier for your patrons. But on the other hand, you will be opening your business
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