$16bn: Small business owes ATO big
Almost one in five Australian SMEs entered into payment plans with the ATO last financial year, as they struggle to pay a collective tax bill of over $16 billion.
Sail Finance recently revealed the findings of a sample poll of finance brokers it had conducted, many of whom said the Tax Office’s payment plans are “too harsh” on small businesses and adversely affect their cash flow.
Read more at MyBusiness.
