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Having an ATO debt doesn’t instantly prevent business owners from accessing business finance

Having an ATO debt doesn’t instantly prevent business owners from accessing business finance

Our guest editor, John Maxwell, Director & Senior Consultant of Cocalex Consulting, provides this topical article on accessing business finance as the ATO deadline approaches. Paying taxes is a normal part of running business. Incurring an ATO tax debt can put pressure on business cashflow, which is a reality for many business owners across Australia. However, this doesn’t automatically rule you out from achieving finance approval.

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More and more disgruntled brokers are leaving the industry, according to expert
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More and more disgruntled brokers are leaving the industry, according to expert

Stress, regulations and Covid are causing more and more brokers to call it a day, according to one industry expert.

John Maxwell, founder of Cocalex Consulting, told Australian Broker that he was seeing increasing numbers of brokers questioning the worth of their efforts in the pandemic-afflicted, post-royal commission industry.

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