Accountants urge government to legislate against the late payment of small businesses

By James Harkness · 11 January 2018 · Accounting

Accountants urge government to legislate against the late payment of small businesses

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Summary

The Institute of Public Accountants (IPA) has called for the Federal Government to improve the financial outlook of SMEs by introducing a loan guarantee scheme and legislating maximum payment times for business-to-business transactions. In its 2018 pre-Budget submission, the IPA – a professional accounting body representing 35,000 accountants, business advisers, academics and students – made […]

Tags: ASBFEO, Australian Small Business and Family Enterprise Ombudsman, Finance, Government, Institute of Public Accountants, IPA, late payment, Loan