Chris Baskerville and Patrick Coghlan meet again to share a wide range of issues with James Flaherty in this new vodcast. This time is all about the trade-off. The risk you take in extending credit, not paying tax or operating in a risky region or industry. And what does all that mean?
Creditor watch has an uncanny ability to predict insolvency, so when people register a default, all too often, the company fails. This week we look a little at the Debtor's Journey to Insolvency.
As we discuss the Monthly Business Risk Index. And we name names. Which regions are worst 'at risk'? Chris lets us in not a particularly big secret on which place in Australia he relies on as a barometer of the economy or things to come. And which industry sectors are most risky now – maybe not a huge surprise - but some of the reasons and the failure rate are good indicators of what's happening and what we might expect. With the ATO not as accommodating as they were in the pandemic, is Small Business Restrcuring (SBR) the primary way to negotiate a business tax debt? But not so fast. Patrick outlines the genuine implications that it has on your business credit rating.
