From dynamicbusiness.com: Australia’s SMEs face mounting tax debts as the February 28, 2025 deadline approaches, risking penalties from the ATO.

Economic shifts, including cooling rents and a potential interest rate cut from the Reserve Bank of Australia (RBA), could provide relief to these businesses, allowing them to manage their debts more effectively.

Experts urge SMEs to act quickly by consulting with financial advisors, exploring financing options, and communicating proactively with the ATO to navigate these challenges.