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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 cash flow positive as of
Running your own business can be very exciting and empowering, but it can also be very challenging. It doesn’t have a detailed job description and it often comes with many unforeseen problems. All this stress and pressure can take a toll on your physical and mental health. This can also wear down your passion and
For those involved in the Construction industry, receiving payment on time can be described as difficult at best. Often, invoices are issued and the creditor does not get paid by the due date. You do not want to upset your clients with constant emails/phone calls as this may lead to strained relationships and potential jobs
Since July 1st, the Australian Tax Office are able to register credit defaults on businesses with an ABN that has tax debts of $10,000.00 or more owing to them for longer than 90 days. This is part of a new Initiative relating to an announcement in January from the Federal Government Mid Year Economic and
We have some very exciting news to share with regards to a new Slater Byrne Recoveries app that allows you to decide when to escalate matters and to control your own cash flow at the click of a button, eliminating the need to fill out our forms manually and scan and send back. The collection
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