Making sure you get paid

For your business to survive, you need to have cash flow. This means that it is essential that you get paid by your clients for the work that you do. There are strategies you can use to give you the best chance of making sure you get paid. Written contract setting out terms Having a […]

Debtors and collections

How do you control your debtors? A debtor is a party (either an individual or a company) who owes money to another party. Controlling your debtors will help your business get paid faster and avoid debt, which will also help you maintain a good cash flow. There are different methods you can utilise to ensure […]

What is the PPSR?

The Personal Property Securities Register (PPSR) is a national online register that can protect consumers when buying personal property by providing them with information. Personal property can include all forms of property other than real estate. This information can include whether the property you are buying has a security interest attached to it. If you […]

Understanding the PPSR

Setting up your registrations On the Personal Property and Securities Register (‘PPSR’), you can place a notice that shows that you have enforcement rights over personal property. You should have a security agreement in writing before you register a security interest on the PPSR. Before you register your security interest you will need to know […]

Limitations of Bankruptcy

What is bankruptcy? Bankruptcy is a legal process in which you are declared unable to pay your debts. Bankruptcy can impose many limitations on you and your business.  Before you think the sky is going to fall in, read our posts on dealing with bankruptcy. The limitations of bankruptcy are: On your income Bankruptcy can […]

Preparing for liquidation

Liquidation Liquidation is the process of winding up a company and bringing the business to an end. Liquidation typically occurs when a company is insolvent. When a company is placed into liquidation, a liquidator is appointed. The liquidator’s role is to protect the assets of the company, realise the assets of the company, investigate the […]

Basics of Debt Collection

What is Debt Collection? Debt collection is the process of collecting payments of debts that are owed by individuals or businesses. Creditors and collectors seek to secure payment from individuals or businesses who are legally bound to pay money that they owe. Debts can either be recovered through the courts or by using a debt […]

Basics of the PPSR

What is the PPSR? The Australian Financial Security Authority (“AFSA“) administers the Personal Property Securities Register (“PPSR“). The PPSR is a national online register that can provide information to help protect consumers when they are buying personal property such as cars, boats or artworks. It doesn’t include land or buildings. The PPSR is an Australian […]

Cash-Flow Management and the Health of a Business

Here at C&D we deal with businesses of all shapes and sizes. Many of the issues these businesses face can come down to one crucial facet within their operation: cash flow management. If you are a start-up, we understand the excitement involved with getting your business up and running and growing your sales. You are […]

Pre-Christmas Planning

Each year the team notices an uptick in businesses suffering financial difficulties prior to the Christmas break. For some businesses there is an attempt to hold on, to try and see if the new year will bring the necessary change to be able to break a financial problem. If your business is under pressure, now (and […]