Managing your cash flow in the hangover period
Three ways to plan ahead, access cash quickly, and prioritise payments to stay afloat between January and March, from a Chartered Accountant.
Carnell calls on Morrison to outlaw payment times in excess of 30 days for SMEs amid coronavirus invoice extensions
Payment times in excess of 30 days should be outlawed, Kate Carnell says, noting a deluge of big businesses using COVID-19 as an excuse.
“Holding back the economy”: What’s causing the SME credit drought?
An array of sources report that access to finance is worsening for Australian SMEs, prompting broader fears for the health of the economy.
‘Blurred lines’: Businesses turn to consumer credit as access to finance worsens
Credit conditions for small businesses have worsened further over the last 12 months as housing prices fall, increasing risks for entrepreneurs.
Late payments a $7 billion issue for SMEs and is slowing revenue growth, report shows
Late payment times has been revealed to be a $7 billion problem and one which is significantly slowing the growth of local SMEs.
Know your customers: Five steps to ensure you get paid on time and in full
There is a huge misconception that when a customer doesn’t pay you it is entirely their fault. But getting paid on time and in full is up to you.
Have your say: How should the government regulate late payment times?
The government is seeking views on how it should formulate its late payment times reporting policy, with everything from enforcement to scope covered.
Government to extend instant asset write-off, rebuffing calls to make it permanent
The government will extend its instant asset write-off but has not announced any plans to improve the awareness or accessibility of the program.
Pauline Hanson wants to force big businesses to pay SMEs on time
Pauline Hanson wants to address small business payment times by forcing big businesses to cough up the cash in a timely manner.
Credit crackdown concern as banks commit to addressing credit card failures
There is concern banks will tighten the reigns on credit card lending after ASIC revealed a non-binding set of commitments for banks.
A misguided $2 billion: What good is small-business capital if founders don’t know how to use it?
Over 70% of small businesses have no written plan of any kind, so what use is a $2 billion government-funded securitisation fund?
Payment inquiry extended: SMEs fear revenge if they name and shame late payment offenders
An inquiry into late payments has been extended after an outpouring of support from the small business community.
