Insolvency data reveals 'Covid lag' impact on SMEs – AccountantsDaily
SMEs dominate the latest annual insolvency statistics and highlight the lagging impact of Covid on small business, ASIC says. Its series 3 data, based on liquidators reports, shows more than eight out of 10 companies entering administration in FY23 had assets of $100,000 or less while just one in 20 had $1 million or more.…