SMEs accounted for $21.4 billion in ATO debt in FY20 – Ragtrader

Bankruptcy

Small businesses are being encouraged to seek help immediately if they arestruggling to pay their tax because of pandemic-driven cash flow issues. The advice frombusiness rescue and insolvency firm Jirsch Sutherland comes as ATO debt attributed to small to medium enterprises was $21.4 billion at FY20. With lockdowns continuing throughout 2021, Jirsch Sutherland partnerAndrew Spring…