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The ATO has been asked to consider blanket lodgement deferrals and to hold off on debt collection to give the profession time to cater to their clients suffering from the sudden coronavirus-induced downturn.
The Institute of Public Accountants will today lobby the ATO to apply a blanket extension to lodgements, pointing to the enormous pressure the profession is facing in helping their clients access the government’s $84 billion economic stimulus package.
Read more at the Accountants Daily.