Are You Asking the Right Questions About Your Obligations in a Joint Venture?

Do you know the difference between a joint venture and a business partnership? WE HAVE WRITTEN BEFORE about what makes joint ventures successful. Indeed, joint ventures are an appealing way to start a business because they enable two or more parties to create a...

The ATO will be Visiting Cash Businesses

Cashed-based business? Time to move ahead CASH CONTINUES TO be common in some types of businesses. However, the ATO urges Australian businesses to be aware of the numerous advantages of electronic payment and record keeping systems — especially in the long run. The...

Do Circulating Asset Provisions Protect You?

How to use your assets as security for a loan YOUR BUSINESS MAY need working capital in order to grow, but perhaps you are reluctant or unable to secure a loan for it. If you have in place sound credit management procedures, one option is to sell your receivables —...

“Factoring” or “Debt Collection”: Which Will Work Better for You?

Did you know you can “sell” your debt for cash? CREDIT MANAGEMENT IS a serious issue for all businesses. Debtor non-payment is a chief reason many businesses fold — a sentiment driven home by Director, FIFO Capital Newcastle, Zsolt Bircsak....

Are Customers Legally Obligated to Pay You?

Want to get paid? Have a contract in place! THERE ARE PLENTY of risks to operating your own business, but the largest ongoing one is making certain that your customers pay you, and do so on time. This is known as debt or credit management. Each state has their own set...
Is Australia Post Digital Mailbox Competing with Dropbox AND RealEstate.com.au?

Is Australia Post Digital Mailbox Competing with Dropbox AND RealEstate.com.au?

Australia Post entices customers to e-invoicing with $25 gift card If you have had to renew your PO Box recently you probably received an offer to switch to e-invoicing and why wouldn’t you? Save money, receive yearly invoices in your email and get $25 bucks. We...

A new sponsor helps fund our free digital business course

What do real estate agents need to worry about digital business courses for? We’ve written a lot about bookkeeping and other professional services businesses but we’ve never touched on the topic of real estate agents and after learning more about how they...

20 Questions You Need to Ask Before Starting a Business – Part II

Your wages, your name and your marketing I’VE BEEN WRITING about some of the 20-or-so questions I always think you should ask before you start a business. Some of them we cover in our Small Business Management Courses, and others may require you to do a little...

Has the ATO been bankrolling your business?

There’s a lot to learn about people who pay their tax debts late The ATO announced the other day that they’re owed more than $35b in tax debts, mostly from businesses and individuals are late filing their returns or making payments. Even though big businesses...