16 November 2018
Running a small business is hard work and payment delays make it even harder.
Payment times in Australia are among the worst in the world, with invoices paid on average 26.4 days late.
The Australian Small Business and Family Enterprise Ombudsman has announced an urgent review of payment times, to measure how late or extended payment practices affect the cash flow of small businesses and family enterprises.
The Ombudsman wants to hear your experience with payment times, including:
The results of the survey will be used to provide advice on how late and extended payment practices might be improved to better protect the cash flow of small businesses.
Related news items
Electronic payments are becoming more popular with consumers and business.
We have a range of tools and services to help you get your tax and super right.
Sign up today to learn how to manage tax and super for your business.