ATO Collecting Debts Again: Here’s What That Means for Aussie Businesses

With the Australian Taxation Office resuming tax debt collections early last year and supply chain issues continuing to bite, many businesses have been looking for ways to improve their cash flow.

That’s why far more companies are turning to invoice financing, OptiPay chief executive officer Angus Sedgwick told Yahoo Finance.

This is a type of business financing that allows businesses to borrow money from a lender while they wait for their customers to pay invoices.

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Get Tomorrow’s Cash Flow Today

OptiPay helps you find smarter ways to use your own cash and avoid the pitfalls of borrowing funds. We are always ready to help let the cash flow to help your business grow, and we do it in a fairer, faster, friendlier, more flexible, and far more affordable manner than a traditional business loan. Contact an OptiPay expert today to get started.

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OptiPay offers several different funding solutions and services, one or more of which charges no interest and has no long lock in contract period, called the Fully Flexible funding option. Conditions, fees and charges apply to some of the Services provided, which may change, or we may introduce new ones in the future. Full details for all funding options (Services) including any fees and charges which may apply, is available on request. Lending criteria apply to approval of credit products. This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the funding agreements provided, for your selected funding solution (product/service), including all the Terms and Conditions contained in agreements provided, before proceeding. *T&Cs: Minimum 12-month invoice funding contract with OptiPay. Direct clients only, offer doesn’t apply to broker introduced clients. All standard credit terms and conditions apply including credit assessment. Not applicable to existing clients.

Find the optimal funding solution for your business now with OptiPay.

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