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Cash crunch leads small businesses to pay staff late

Cash crunch leads small businesses to pay staff late

Australian small businesses say the cashflow crunch is now encroaching on their ability to pay staff, with one third of companies struggling to make ends meet as they wait on at least $20,000 in outstanding invoices to be paid to them.

  • Shared by SMH
  • May 13, 2019
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A report from Wakefield Research and Intuit Australia launched on Thursday that draws on research into 500 small businesses has found 46 per cent of founders are at risk of being unable to pay their workers on time.

Read more at the SMH

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