18 Mar 2024 Comments (0) ATO chases small businesses for $34b in debt, insolvencies tipped to hit post-global financial crisis levels
The ATO are chasing a total of $54 Billion to be period, which is overdue to the exchequer (in most cases). What is the right balance here? $34 Billion is owed by SME businesses, many of whom will be sole traders, with their houses likely on the line, and have suffered with dramatic interest rate increases and an economic downturn at the same time.
