Proposed new record-keeping course
MYEFO – 2019/20 Treasury has released its Mid-Year Economic and Fiscal Outlook (‘MYEFO’) for 2019/20 forecasting a surplus of approximately $5 billion. One new tax-related measure of note in the Read More…
The ATO hits the road
Could you be a black economy target? The ATO plans to visit almost 10,000 businesses this financial year in all States and Territories, across a variety of industries, as part Read More…
Latest ATO benchmarks released
ATO has released updated benchmark data from 1.5M small businesses around Australia To “help small businesses across the country . . . gauge the strength of their business and keep Read More…
ATO cash economy
Continued focus on the cash economy ATO Assistant Commissioner Peter Holt has announced that, in the 2019/20 financial year, the ATO will be visiting a further 10,000 small businesses across Read More…
Taxable Payments Reporting System
Expansion of the TPRS The Taxable Payments Reporting System (TPRS) has been expanded to the cleaning and courier services industries from 1 July 2018. Businesses that have an ABN and Read More…