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…
Black economy recommendations
Black economy recommendations will impact day-to-day business Recently issued draft legislation has focused on introducing new measures to manage the growing cash economy in light of the Black Economy Taskforce Read More…
ATO focus areas
Commissioner’s speech highlights ATO’s focus The Commissioner of Taxation highlighted the areas in which the ATO has recently increased its focus, including: undeclared income individuals’ unexplained wealth or lifestyle incorrectly Read More…