As a result of current money status of the country, almost everybody is mindful about where they spend their money. On the consumer facet, retailer David Jones is projecting a challenging Christmas season with expectations for additional reductions in sales following on from the first quarter results which were down 11 per cent. Salespeople who [...]
By next year, index swaps established that borrowing cost will probably be decreasing to 150 points with the basis points of 25 rate cut by the Reserve Bank of Australia on December 6, 2011. With market sentiment moving a lot more negative as a result of challenges in Europe and probably a slowdown in China, [...]
As cash flow will become tight – especially in the lead-up to Christmas and the January downturn – many small businesses is going to be benefiting from an economic service known as Debtor factoring. This product allows small and medium sized entities (SME’s) to access working capital, particularly when typical banking products are unavailable. Listed [...]
Plenty of businesses today are being cautious in planning their strategies with their expenses and investments down the road years considering that the global market is as unpredictable as it would seem. The recent earnings results delivered by Westpac Banking Group highlighted this sentiment which showed an overall decline in operation lending of ~$2 billion. [...]
Over the years, accountants have been doubtful utilizing invoice discounting since clients are deemed to better not having their business on the beginning of the process than arriving at a point on needing this financial service. This is a puzzling viewpoint, particularly because accountants are almost always the last ones to get paid with a [...]
A story in America recently reported how the great number of small business owners these days are turning their back on banks and shifted to the local pawn shops in like manner have funds for their business’ continuing development. With the increase in the price of gold, jewelry is becoming a favourite item to use [...]
Credit reporting agency Dun & Bradstreet recently released its Trade Payment Analysis, which analyses payment terms inside the “business to business” sector for the June quarter 2011. Based on these results, Australian companies are averaging 53.4 days to pay for their invoices when the normal terms of trade are 1 month. This did represent a [...]
Small enterprises are presented with real challenges in getting access grow their businesses as the recent strong financial results from Australian banking giants like National Australia Bank (NAB) and Commonwealth Bank of Australia (CBA) have been masking it. The past quarter’s results which is a full year profit of $8.4 billion reported by CBA have [...]
The Australian Tax Office (ATO) comes the commonest creditor to take aggressive actions of notices given the list of companies in NSW and Victoria are scanned. Most accountants and advisers who deal regularly with all the ATO are commenting that the ATO is losing its patience with firms that have not met the obligations of [...]
The electrical contracting sector is going through a mini-boom around Australia. Many of the activity is driven by the wiring of schools around the world to upgrade their technology infrastructure; and, there is considerable work in the flood ravaged areas in Queensland and Victoria to re-wire the homes and buildings that were so badly impacted [...]