The Difference Between Secured and Unsecured Debt Debt always involves a measure of risk. Lenders try to assess and understand that risk by taking into account certain factors, such as the income of the borrower, their track record of paying off other debts, how much they are asking for, and for what purpose. Other information, […]
Insolvency Options Will Depend on Your Level of Debt Everyone wants a brighter future, but sometimes when as individuals or as a business we look at our finances, we are faced with some sobering reality checks as we see all the outstanding debt. The inability to pay debts has seen an increase in the last […]
Personal Insolvency Agreements (PIAs) – Meeting Your Creditors Halfway In most cases, people prioritise the repayment of their debts. Even though those debts may be long term and involve substantial amounts or high interest rates, the sound conduct of personal or corporate finances entails the timeous servicing or settlement of loans. However, for several diverse […]
How to Avoid Tax DebtMost time your employer withholds a portion of your earnings to forward to the Australian Tax Office (ATO), but for those who work for themselves, managing tax debt becomes onerous. Unfortunately, failure to submit tax returns or failure to properly calculate taxes due on revenue earned can lead to tax debt […]
When a Company is Under Attack Debt Disputes Remove the Pressure Credit should be used responsibly and only taken up with reputable lenders. Keeping your credit rating in good health is most important for a company so it can be disconcerting when no matter how well you plan your budget, you find yourself having to […]
Trustworthy Debt Trouble Assistance when Dealing with InsolvencySetting up a new venture is regarded as risky, even if you submit a comprehensive business plan that explains how you intend making a success of the venture. Many entrepreneurs are so determined to make a go of their new business they even use up their personal savings, […]
Avoid Tax Payment Penalties by Keeping Accurate and Sufficient Company Records Many people love the idea of starting their own business ventures, however, turning such a dream into a successful enterprise isn’t always smooth sailing. In fact, soon after starting a business, many new business owners realize that they are in over their heads. They […]
How to Avoid Tax DebtMost time your employer withholds a portion of your earnings to forward to the Australian Tax Office (ATO), but for those who work for themselves, managing tax debt becomes onerous. Unfortunately, failure to submit tax returns or failure to properly calculate taxes due on revenue earned can lead to tax debt […]
Businesses Unable to Manage their Debt File for Bankruptcy Owning your own business can be an exciting venture but apart from declaring the income from the business, there are also certain legal requirements which must be met. A business needs start up capital, a good bookkeeping system to check books on a regular basis, ensure […]
Bad Credit vs Good CreditSmall businesses often need to take out a commercial bank loan to purchase inventory and debt is one of the ways of financing business operations. Lenders however, are becoming more tight-fisted with borrowers and those with bad credit are looked upon as derelicts whereas with a good credit rating, lenders welcome […]
