The controversial debt recovery tactics employed by the Australian Tax Office (ATO) have been called in to question by the Australian Small Business and Family Enterprise Ombudsman Kate Carnell. A recent review by the Auditor General found that Australia’s 3.8 million small businesses currently owe nearly two thirds of collectable tax debt. While the ATO’s […]
We are pleased to see the findings of the landmark report released by the Australian Small Business and Family Enterprise Ombudsman (ASBFEO) published in June this year. Since her 2016 appointment, Kate Carnell has been targeting the lack of funding options for Australia’s 2.2 million Small Business owners, many of whom rely on credit to support and […]
The Royal Commission into Australia’s banking and financial services industry has highlighted the issues many business owners have faced in recent years — and it isn’t over yet. But it’s already taught us one thing: if you’re a small business, you might want to think twice about relying solely on the banks that earn billions […]
We love Australian Small Business and Family Enterprise Ombudsman Kate Carnell. At Apricity Finance, we believe that she speaks the truth and really understands the needs of small to medium businesses across the country. A recent article in SmartCompany quotes Ms Carnell’s warning that SMEs won’t be able to sell their businesses unless access to finance improves. […]
Listen to Australian Small Business and Family Enterprise Ombudsman Kate Carnell discuss the importance of maintaining positive cash flow during the Christmas period for small businesses.
One of the biggest hazards to small businesses in Australia is poor cash flow. Statistics by ASIC prove that 51% of small businesses do not survive beyond four years of operation, poor cash flow the cause of nearly 90% of these failures.
A new campaign lead by Small Business Ombudsman Kate Carnell, may require contractors from some of the federal government’s biggest spending departments to pay small businesses within 30 days.