Beware! This is how fraudsters try to outsmart you (successfully)
Doing business with a crook. That won't happen to me, you think? Well, many fellow entrepreneurs thought so too. Yet more and more are falling into the trap of fraudsters, who are becoming increasingly sophisticated. Indeed, our cooperation partner Coface saw an increase in the number of claims reports in the first two quarters of 2019 as a result of fraud for good reason. In this blog, we explain more about the modus operandi of fraudsters as well as give tips on how to avoid being scammed.
How to reclaim VAT easily(er) from unpaid invoices
Sometimes your customers' invoices remain unpaid. In most cases, the VAT charged on these invoices has already been neatly advanced by you to your friends at the Tax Office. But how do you deal with this VAT when it turns out that the invoice will no longer be paid at all by your customer?
Pass the bank! 5 ways to always have working capital
You want to do business quickly. Seize opportunities immediately as they arise. For that, you need cash. Working capital. But where do you find that? Not at the bank. Since the economic crisis, they have been busy with everything from compliance rules to Basel agreements, but not with you: the SME entrepreneur. If they pay attention to their customers at all, it's the big, gilt-edged companies. So what next? Can your ambitions and revenue growth go into the refrigerator, or worse: the dustbin?
Brexit: how well prepared are you?
British Prime Minister Boris Johnson would sort it out, this brexit. Definitely out of the European Union by 31 October, deal or no-deal. But the chaos in the UK is growing by the day, or perhaps even by the hour.
6 ways to get more out of your credit insurance policy
Is your supplier getting insufficient limit on one of your buyers? No stress! There are several ways to still cover your risks in the best possible way, so that you can do business carefree. Below, we list six ways.
Insolvenzanfechtung: snag under the green German grass
What is Insolvenzanfechtung? This compound German word has two parts: insolvenz (insolvency) and anfechtung (dispute). In short, it means that if a German company becomes insolvent, a German insolvency practitioner can reclaim from you already paid turnover. This can be done for up to four years. It is an arrangement with which any Dutch supplier - i.e. [...]
Working capital funding in mergers and acquisitions essential
In mergers and acquisitions, the impact on cash flow is regularly not sufficiently considered, causing companies to run into problems. It is important not only to look at the financing of the acquisition, but especially to look closely at the financing of a company's cash flow. Is there sufficient liquidity, and if not: what solutions are available?
Learn more about ' Insolvenzanfechtung ' at our seminar on 6 September next!
In practice, it appears that Dutch entrepreneurs are often not or not sufficiently aware of the consequences of a bankruptcy pauliana when delivering to Germany. The German trustee can reclaim already paid turnover under the so-called ' Insolvenzanfechtung '.
Improve your cash flow through good debtor management
Good cash flow is the breath of your business. If it stagnates or even declines, it can have crucial consequences for your business. Good debtor management has a direct positive impact on your cash flow. So what does good debtor management look like?
Featured: number of construction bankruptcies rises
For years, the construction sector has contributed significantly to the growth of the Dutch economy. In 2018, the construction sector (building and machinery) even gave the main impetus to growth (source: CBS). At the same time, the number of construction bankruptcies is increasing, ABN AMRO Bank reports.