The Australian Taxation Office (ATO) now has additional powers
The Australian Taxation Office (ATO) now has additional powers thanks to new legislation which received royal assent on 28th October 2019. To encourage businesses to engage with them, the ATO now has the power to report certain overdue tax debt to registered credit reporting agencies. Until now, overdue tax debt was not able to be […]
The Importance of a Credit Control System
It is a well-known fact that the longer a debt remains unpaid, the more difficult it becomes to collect. Many people find chasing overdue debts uncomfortable, so they keep putting off the inevitable which further reduces the likelihood of recovery. It’s also a well-known fact that your customers will try to hang on to […]
Chasing an Unpaid Debt? Here’s How a Collection Agency Can Help
Whether you’re the owner of a small or large business, chasing after an unpaid debt can be an unpleasant experience. Not only is it time-consuming and emotionally stressful but it can also be a huge drain on your resources. More importantly, your chances of a successful recovery start to dwindle the longer the debt remains […]
The Importance of Debt Recovery Companies
Alarming Statistics In Australia, small businesses are owed $26 billion in unpaid debt at any given time. According to a survey of 508 SMEs by Intuit, the average small business is owed at least $13,200 every year. These alarming statistics emphasise the need for debt recovery companies to help businesses improve their cash flow and […]
Unpaid Invoices – What To Do?
Debt Collector Cost Most business owners and professionals have to deal with an unpaid invoice or slow paying customers from time to time. How successful you are at recovering your unpaid debt will depend on your internal credit management procedures, the terms and conditions outlined in your credit documentation, and the overall timeliness of your […]
Choosing a Debt Collection Agency for Your Business
Making The Right Decision Whether you’re running a small business with only a few customers, a large enterprise with multiple divisions and thousands of customers, or you are representing a Local Council recovering debt from rate payers, your decision as to which collection agency to select is an important one. Irrespective of the size and […]
