Are small businesses using ATO as bank?

By Daniel Jacobs · 31 July 2015 · Accounting

Are small businesses using ATO as bank?

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Summary

According to national SME finance specialist, Scottish Pacific, many small businesses may be using the Australian Tax Office (ATO) as a line of credit being unaware of alternative funding solutions. Scottish Pacific CEO, Peter Langham said the ATO was owed $35.3 billion in 2013-14 according to a recent report by the Inspector-General of Taxation. “It […]

Tags: Accounting, Advice, ATO, Bookkeeping, Business, Credit, fees, Finance