Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The ATO will now only consider deferring PAYG withholding for large businesses where there is a genuine risk of insolvency, but directors have been warned of the significant risks in applying for the relief.
The Tax Office has now clarified its position on its discretion to defer the PAYG withholding, GST and excise obligations of large withholders, following reports that businesses were being allowed to use PAYG withheld to stay afloat amid the ongoing coronavirus crisis.
Read more at the Accountants Daily.