‘Excessive’ ATO debt recovery measures a threat to business solvency
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 […]
How fast finance can become a long-term problem for SME’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 big lesson for small business arising from the Banking Royal Commission
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 […]
Australia’s Kate Carnell fighting the good fight
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. […]
VIDEO: Kate Carnell on Christmas cash flow, access to finance and Single Touch Payroll
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.
Data On What’s Driving Australia’s Small Businesses Points To Cash Flow From Big Firms
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.
Small Business Commissioner Kate Carnell targets government for faster payments
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.