Understanding Debt Recovery Before the Financial Year-End: A Guide for Clients
As a specialised credit, commercial and debt recovery lawyer in Australia, I often encounter clients who overlook the critical timing of debt recovery, especially as the end of the financial year approaches. This period presents a unique opportunity for businesses to either recover outstanding debts or write them off for tax purposes when reporting to the Australian Taxation Office (ATO). In this article, we will explore the significance of this timing, the implications of accrual versus cash basis reporting, and how each method can affect your business. The Importance of Recovering Debts Before the Financial Year End The end of the financial
Understanding Skip Tracing: A Guide for Clients
In the litigation, debt recovery and commercial and private inquiry (CAPI) industries the ability to locate individuals quickly and efficiently is paramount. One of the most effective methods employed in this regard is known as skip tracing. This article aims to provide you with a clear understanding of what skip tracing is, the methodologies involved, and the various investigations that may take place during the process. What is Skip Tracing? Skip tracing is carried out by licensed CAPI agents. It is the process of locating a person's whereabouts, typically after they have "skipped" or gone missing. This term is frequently used