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Debt Collection Agency for Small Business – How to Recover Debts

Debt Collection Agency for Small Business – How to Recover Debts

A steady, positive cash flow is crucial to the success of any business, especially one that’s still small and starting out. But to maintain this, you need to make sure you always get paid for the products and services you provide. This is where debt collection comes in. Small business …

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Third Party Payment Preference: What It Is and How to Avoid It

Third Party Payment Preference: What It Is and How to Avoid It

Preferential payment claims happen all the time and if your company is the subject of one, it can cause a huge disruption in your cash flow. After all, it’s frustrating to think that the money you received—which is rightfully yours and is done in payment for a service or product …

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3 Critical Credit Control Mistakes That Put Your Business at Risk

3 Critical Credit Control Mistakes That Put Your Business at Risk

An efficient credit control strategy is crucial to the success of any business. After all, this policy ensures you get paid for the products and services you provide. Unfortunately, the credit control process can be quite complex and time-consuming, which is why many business owners struggle to stay on top …

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Phoenix Companies

Understanding What Phoenixing Companies Are and How They Work

There has been a lot of talk recently about Phoenix Companies and what this actually is. Phoenixing is when a new company is set up using the proceeds from assets and cash of a previous company that was liquidated. These proceeds should be used to pay out creditors, employee entitlements, and the …

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