All businesses—from small start-ups to large corporations—have their own share of financial liabilities. But what often distinguishes a successful and profitable organization is how it deals with its debts. This is where debt management plans come in. Also known as DMP, this plan offers a debt restructuring solution that allows
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Setting up your own business can be an extremely rewarding career choice. After all, you get to be your own boss and make money off your passion. However, this move can also come with a high-risk factor. According to data from the Australian Bureau of Statistics, almost two thirds of
We have some exciting news with regards the growth of Slater Byrne Recoveries. We have been working tirelessly behind the scenes for months and can now announce our office in New Zealand is officially open. This will operate alongside our 3 offices already based in Brisbane, Sydney and Melbourne. We
Last month, I spoke to nearly 500 new businesses that all lost money to a company that entered liquidation. The debts involved ranged from a few hundred dollars to hundreds of thousands. On top of that, I had existing clients who needed help with their outstanding invoices. If you add
In a recent study, cloud accounting firm Xero has found that almost half of small businesses in Australia are currently operating in the red. The findings, which were published by Xero in the first ever edition of their Small Business Insights report, showed that only 50.7 percent of small businesses were