ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...
READ MOREAccountants told to act now to avoid client funding issues
Accountants with SME clients are being encouraged to get their tax affairs in order before 1 July when the ATO’s data sharing capabilities with credit reporting agencies are due to increase.
In the 2016-17 Mid Year Economic and Fiscal Outlook the government announced that from 1 July 2017 the ATO will be able to disclose to Credit Reporting Bureaus the tax debt information of businesses that have not effectively engaged with the ATO to manage these debts.
Read the full article on Accountants Daily.
Previous
Budget has underestimated red tape with new foreign investor taxes, REIA says
Next
KPMG’s Paul Howes to head new marketing business
EV tax cut will be made retrospective, says minister
Climate Change and Energy Minister, Chris Bowen, said when Parliament sits again at the end of July he is confident the...
READ MORE
A record-breaking month for retail as inflationary pressures mount
Australian retail sales have set a new record for the third straight month with $34.2 billion spent in stores and...
READ MORE