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: It can
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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
Recently, the Australian Taxation Office announced the conviction of a luxury property developer for large-scale goods and services (GST) tax fraud. The fraud was linked to illegal phoenix activity. The NSW District Court sentenced Benjamin Ensor to six years in jail. The court also ordered Mr Ensor to pay reparations
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. Integrating logistics into your operations can further
In a previous post, we talked about the incredible importance of Terms and Conditions to a business. It’s a document that provides several benefits to companies, including offering legal and financial protection. Such protection is useful in case you need to chase after late payments. If you have the correct Terms