Australian Mercantile Collections

SMEs recoil at tax debts collections acceleration

SMEs recoil at tax debts collections acceleration

More than half of all small and medium businesses are feeling the heat from the renewed campaign by the Australian Taxation Office to show tough love towards outstanding business tax debts.

Research by East and Partners that will soon be published by business financier ScotPac found that 51% of SMEs want relief from ATO collection activities, while 62% “confirm they have been impacted by ATO debt in the past 18 months.”

The temperature may soon to scorching hot, leading to a tempest…

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