Rise in late payments deliver a huge blow to small businesses

Nine To Noon - Un pódcast de RNZ - Martes

Accounting firm Xero has recorded an 81 percent rise in late payment costs by small businesses in the last two years. Late payments cost small businesses $456 million in 2021, and this jumped to $827 million in 2023. Xero NZ country manager Bridget Snelling says big businesses are to blame.

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