Ever consider using an invoice discounting facility to improve your cash flow and get on top of ATO bills?
For new and growing businesses, it can be difficult to keep on top of ATO bills and make payments on time. There are so many practical aspects of setting up or expanding that tax administration can often be the last thing that gets done. Also, if your business is growing significantly your tax obligations may change from one period to the next, making it tough to keep track of.
For peace of mind and for compliance purposes, it’s a good idea to pay your ATO bills on time. However there may be a gap between when your bill falls due and when your clients or customer pays you.
Invoice discounting facility enables you to draw funds from your account receivables to pay your ATO bills. For example, you have an ATO bill due but there are not enough funds in your account to make the payment as you are waiting on payments from your customers. By using Key Factors factoring service you can get up to 80% on the face value in as quick as 24 hours to immediately pay for the ATO bill.
Key Factors have assisted SMEs from a wide range of different industries including but not limited to labour hire and recruitment agencies, manufacturing operations, wholesalers, commercial cleaners, mining companies, and transport/logistics groups. Having access to immediate cash flow by factoring invoices not only allows you to meet unexpected ATO bills but can also help to alleviate a range of cash flow issues.
If you have found that cash flow and ATO bills are a recurring problem, you may wish to consider establishing a invoice discounting facility. There is also no minimum and no long-term contracts with Key Factors invoice discounting facility and you will only pay for what you use. We also offer fast 48 hours approval and it is relatively simple to apply.
Call us now on 1300 884 100 to find out more