Business Finance

3 ways small business owners can repay ATO debt

By David Wright

At one point or another, otherwise healthy, thriving small business owners find themselves with ATO debt due to unforeseen circumstances. Even if they’re meeting ATO payment plan obligations, they may be prevented from obtaining further lines of credit, limiting cashflow and inhibiting growth. If you are in this situation, the experienced…

Businesses that are digitally enhancing operations are growing quicker and investing more readily in technology. However, finances must always come first. Australia’s business landscape is full of risks and opportunities, particularly for small companies. A 2013 Deloitte study found that “highly digitally enhanced” small businesses are twice as likely to…

Any business owner will tell the most challenging aspect of their business is being able to generate the cash flow to keep the doors open, pay the bills, recruit and pay staff and to grow. The well-known phrase such as “Cash is King” refers to the business being financially healthy….

In Australia, we have around 2.1M businesses operating at any one time, and around 88%, 1.8M businesses have less than 4 employees … so many a quite small. Operating a small business is never easy and the success of any businesses is determined by a number of factors, access to…