Monthly Archives: February 2012

BAS Time Puts Focus on Invoice Discounting for SME’s

It’s THAT time again…yes, quarterly Business Activity Statements were due yesterday to the ATO. Along with it – of course – are the payments for GST and PAYG. And while many small businesses had previously used the ATO as a … Continue reading

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Labor should be factoring in small business

In the aftermath of the bloody Labor squabble, the second victim (after Kevin Rudd of course) was Small Business Minister Mark Arbib. Arbirb abruptyly resigned under the guise of helping the party to heal itself. For small businesses, it is … Continue reading

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All hail the King…Small Business Commissioner in NSW aims to cut the red tape for SME’s

New South Wales has appointed Yasmin King as its first small business commissioner and she has big plans to make sure that the lives of small business owners are eased by removing excessive regulation. She made the point that there … Continue reading

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Falling property prices hit small business cash flow financing

Australian property commentator Residex has signalled that the price declines in residential property could well continue for some time in the capital cities. Residex chief executive John Edwards (and we should probably believe any forecaster named John Edwards…remember Crossing Over?) … Continue reading

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Invoice factoring could stem the rate of small business failures

The number of Australian businesses has increased over the past two financial years after dipping during the GFC, however growth rates are subdued and new business and small firms remain susceptible to downturns according to recent data. According to the … Continue reading

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Invoice discounting solving the problem caused by big companies paying slowly

Credit reporting agency Dun & Bradstreet (D&B) has reported in its latest trade payments report that the number of invoices that are more than 90 more days outstanding has increased by ~20% in the December quarter (as compared to last … Continue reading

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Invoice factoring in focus as more manufacturing jobs cut

More tough news in the Australian manufacturing sector this week as big brand companies Mortein and Holden announced hundreds of job losses this week. There are many culprits for the troubles in the industry – take your pick from the … Continue reading

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