Aussie business failures spike to mid-pandemic rate as blame lies with cost of living crisis and huge tax debt

has found business failures have spiked to a record high of an average of 5.04 per cent in October 2024.crisis and mounting tax debts.The hospitality industry has been the worst-hit as the cost of living crisis bites.

It forecasts the Australian hospitality failure rate will jump to 9.1 per cent over the next year, too. The construction and retail industries followed close behind with the same failure rate of 5.3 per cent.Top 10 brands in Australia with the best 'customer experience'

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