Debt

Managing the Debt Train

The critical issues for small business - February and March are traditionally the worst cashflow months for small business – the Christmas rush is over, the Business Activity Statement is due, and payments slow down with a dip in consumer spending. You might be ok but your customers could be under pressure and often whoever wields the most influence gets paid first.

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Managing the Debt Train
( Posted in: Tax )

How to control debt so it doesn’t control you

The money people owe, in comparison to the money they earn has almost tripled in Australia over the last two decades, with average household debt currently sitting at around $245,000[1].

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How to control debt so it doesn’t control you

Managing your debtors

Do you have a lot of debtors over 90 days? We recommend you work to minimize the debtors you have over 30 days, so that it becomes a very small percentage.

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Managing your debtors
( Posted in: Tax )