Tag Archives: debt

Xero: late payments to small businesses costly

A new report from Xero, the global small business platform, has revealed that half of all trade credit invoices are paid late and the value of outstanding, late payments to Australian small businesses is $115 billion annually. “Late payments are the scourge of small business. [This report] gives us a …

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ATO jumping gun on early debt recovery – Ombudsman

The ATO is issuing garnishee notices while tax disputes are still before the Administrative Appeals Tribunal, says a new report. The report on early debt recovery action by the Australian Taxation Office (ATO) comes from the Australian Small Business and Family Enterprise Ombudsman (ASBFEO). ‘Severe’ impact In response, Ombudsman Kate …

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One in five retail workers feels ‘financially stressed’

A new report from financial services company AMP has found the retail industry to be among Australia’s most financially stressed. According to its Financial Wellness report, 20 per cent of retail workers are “concerned about money”. Other findings are equally concerning. For instance, two in five Australian workers suffer from …

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