ATO commissioner says “softer approach” to small business debt collection is officially over
The Australian Taxation Office is "unapologetic" about collecting unpaid debts from the small business sector, commissioner Chris Jordan says, giving one final warning to enterprises deliberately holding on to overdue payments.
Australian B2B BNPL provider BizPay collapses into administration
Bizpay, the Australian fintech offering buy now, pay later services for business-to-business invoices, has fallen into voluntary administration.
ATO surprises taxpayers and accountants by reviving tax debts under $1
The ATO has unexpectedly revitalised thousands of dormant tax debts, some of which are for as little as 31 cents.
One in four personal insolvencies were business-related in June, and the number is set to climb
One in four personal insolvencies recorded in June were business-related, as officials and bankruptcy professionals alike prepare for insolvencies to rise over the next year.
Major ATO website outage puts accountants on edge ahead of June 5 concession deadline and HECS-HELP indexation
A major Australian Taxation Office (ATO) website outage left small businesses and accountants unable to file claims over the weekend.
“Backlog” of business insolvencies will only increase in months ahead, Creditorwatch says
Extremely low insolvency rates through the COVID-19 pandemic mean there is now a "backlog", Creditorwatch CEO Patrick Coghlan says.
