Daily Archives: August 17, 2021

How student debt could influence your borrowing power – Savings.com.au

Debt HelpBy Insolvency Advisory Accountants August 17, 2021

If you have a higher education debt, chances are it could affect how much you could borrow for a home loan. There are a lot of people with a lot of Higher Education Loan Program (HELP) and Higher Education Contribution Scheme (HECS) debt in Australia. According to the Australian Tax Office (ATO), there were 2.9…

SMEs accounted for $21.4 billion in ATO debt in FY20 – Ragtrader

BankruptcyBy Insolvency Advisory Accountants August 17, 2021

Small businesses are being encouraged to seek help immediately if they arestruggling to pay their tax because of pandemic-driven cash flow issues. The advice frombusiness rescue and insolvency firm Jirsch Sutherland comes as ATO debt attributed to small to medium enterprises was $21.4 billion at FY20. With lockdowns continuing throughout 2021, Jirsch Sutherland partnerAndrew Spring…

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