100,000's of small businesses near death; In looking at the health of the Australian economy and its ability to recover from coronavirus shutdowns, it is easy to focus on the big end of town. The insolvency of Virgin Australia, the threats of large retail chains to stop paying rent and the rush of capital raisings on the ASX dominate the business headlines. Yet amongst these big news stories, one jarring statistic stood out in an article I read this week; that the ATO approved over 800,000 payment plans with small businesses in the last financial year. Given the economic damage of the last month, it is likely that this will exceed one million small businesses in the near term. This is A DESIRE WARNING OF THE PAIN AHEAD FOR LARGE SWATHES OF THE ECONOMY http://www.livewiremarkets.com/wires/hundreds-of-thousands-of-small-businesses-are-near-death
