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Is Debt Collection A Taxable Service?
Outstanding debts are a huge problem for business owners. It interrupts their entire cash flow process, which can easily lead to financial hindrance if the situation gets out of control. If a business is struggling to collect their debt independently, then it might be time for them to just bite the bullet and hire a debt collector or a debt collection agency. These agencies will then take over the debt collection process for the business and are more likely to get a positive result when dealing with the debtor.'
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What Is The Outlook For Debt Collection Post JobKeeper?
With emergency measures such as JobKeeper and Jobseeker approaching their termination date, a spike in debt has increased the interest of corporate investors and the need for secure and empathetic online debt collection.
Since the first Coronavirus lockdown, a combination of the Federal Government’s wage subsidy schemes, rent, and bank deferrals and a flexible Australian Tax Office has made debt collection a tall order in 2020.
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Debt Collections Agencies vs Lawyers For Debt Collection – Why Not Both?
When running a business, the unfortunate reality is that you are likely to end up with some kind of debts. As a business owner, you may find yourself in a position where you are not receiving payment for your goods and services. This ultimately leads to your business acquiring debt.
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Why Is There An Impending Surge In The Demand For Debt Recovery Services?
The Australian economy, like many others, has suffered hugely throughout 2020 as a result of the coronavirus pandemic. The national debt grew in March, as many businesses were forced to temporarily close, in order to align with government restrictions, set to ease the spread of the virus. We were not the only country to see this happen, and we were also not the only country that saw an impact on the economy because of it.
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Debt Terminator - The Most Efficient and Effective First Step To Recovering What You're Owed
So, you’re considering engaging a debt collection agency to secure unpaid funds? Chances are you have spent a considerable amount of time chasing payment already. You and your team are probably frustrated and a bit desperate wondering whether or not you’ll be able to recover the unpaid funds.
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When Should I Hire A Debt Collector?
The Most Common Reasons Stopping You from Hiring a Debt Collection Agency
Collecting outstanding debt is one of the most common problems that business owners face, and it is not an easy task. Debts can disrupt your cash flow, drain your time and sometimes drain your patience. read more...How to Approach Debt Collection If A Company Becomes Insolvent
Insolvency is the circumstance of being unable to pay the debts, by a company or person, on time. Insolvency becomes an issue when a creditor seeks to collect, and the debtor can’t pay what’s due.
Just because a company has or is about to enter insolvency, it does not mean the company has lost everything and they cannot pay you back.
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Personal And Business Debts Aren’t The Only Debt Troubling Australians
What is going on with government debt as states and territories report budget deficits?
At the beginning of October, rating agency Standards & Poor’s released a report stating that the Reserve Bank of Australia may need to support the states and territories through the coronavirus recovery, by buying more of their debt.
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Five Tips For Managing Debtors Effectively
There is no doubt that debt collection and creditor management is a sensitive topic. However, the reality is that unless your business relies entirely on being paid before goods or services are provided, there is a very high likelihood that at some stage you will have revenue owed in the form of debts that have to be recovered.
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Common Misconceptions Of Hiring Debt Collectors
The truth about debt collectors and how they can help your business.
Outstanding invoices and debt can be a nuisance to any business. Sometimes no matter how hard you try to handle it yourself; the debt eventually turns into bad debt and you have no luck receiving it from the debtor.
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