Escalating cost pressures and assertive Tax Office collection activities is driving small businesses into insolvency, according to the latest ScotPac SME Growth Index Report.
ScotPac has released the latest version of its SME Growth Index report, indicating that thousands of Australian SMEs were facing a ‘survival test’ as rising costs and ATO collections accelerate insolvencies.
The report, an established pulse check of SME confidence and growth prospects, found 25 per cent of Australian SMEs said they could be tipped into insolvency risk if they suddenly lost just one key client or supplier.
ScotPac said this came off the back of a year of surging business…
