‘Excessive’ ATO debt recovery measures a threat to business solvency

The controversial debt recovery tactics employed by the Australian Tax Office (ATO) have been called in to question by the Australian Small Business and Family Enterprise Ombudsman Kate Carnell. A recent review by the Auditor General found that Australia’s 3.8 million small businesses currently owe nearly two thirds of collectable tax debt.  While the ATO’s […]

How fast finance can become a long-term problem for SME’s

We are pleased to see the findings of the landmark report released by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO)  published in June this year.  Since her 2016 appointment, Kate Carnell has been targeting the lack of funding options for Australia’s 2.2 million Small Business owners, many of whom rely on credit to support and […]

Invoice finance for healthcare and medical suppliers

Invoice Finance

Healthcare and medical suppliers are growing industries.   IBIS World reports that the industry in Australia is worth $137b per year, employs 850 thousand people and boasts a growth rate of 4.6% from 2013-18.  This is in stark contrast to a GDP growth rate of less than 1%. The aging population, technological advances and private health insurance […]

Can invoice finance work in Agriculture

Primary producers have enjoyed the fastest invoice payment times of all business sectors in Australia since 2015, according to industry analyst, illion (formerly Dun & Bradstreet). However, the agriculture sector experienced a sharp 3.2% decline in invoice payment times during the December quarter in 2017. As if our farmers don’t have enough uncertainty, late invoice payments must certainly add […]

OVERDRAFTS, SMALL BUSINESS AND THE BANKS

Small businesses face many challenges, but one of the biggest obstacles can be obtaining external finance (The Availability of Business Finance, RBA). Many small businesses have typically relied on bank facilities, such as overdrafts, to manage cash-flow shortages, however the RBA states that lenders appetite for this is decreasing. In a speech just before Christmas, […]

Can importers use invoice finance?

Importer Invoice Finance

Invoice Finance is something that is used by Importers all over the world. It can provide instant liquidity, business flexibility and growth. At Apricity Finance we have experience in dealing with Importers and their financial needs, especially as relates to clients experiencing fast growth and spikes in trading volumes, which may cause cash flow stress. HOW […]