Accountants' SME clients with tax arrears should refocus where their cash flow is going to get the tax man off the table during an apparent garnishment crackdown.
Banks are noting an increase in the number of garnishee notices they are receiving from the ATO in recent months, which makes dealing with outstanding debts even more of a priority for Australian SMEs.
At FactorONE we have certainly noticed an increase in the usage of factoring to overcome the threat of garnishments and to help solve cases where garnishments have been issued. Read More...
