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Liberty Offers Flexible Solutions to Business Tax Debt
Business

Liberty Offers Flexible Solutions to Business Tax Debt

MELBOURNE, Australia, July 29, 2022 (GLOBE NEWSWIRE) -- According to CPA Australia, the Australian Tax Office (ATO) has recently resumed its debt recovery activities after a two-year pause in response to COVID-19. The small business market alone reportedly owes $12.5 billion, and the ATO has written to more than 80,000 businesses encouraging taxpayers to resolve their debts. While many banks will not refinance tax debt, there are still ways to repay tax debt - including with the help of business loans. According to Liberty's Head of Communications Heidi Armstrong, lenders such as Liberty can help business owners find the right loan to support their tax debt repayments. "If you're a business owner who has received a repayment notice, you might consider consolidating your debt a...