Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREGST fraud crackdown ‘will punish legitimate claims’
The ATO’s crackdown on GST fraud will hit legitimate businesses that rely on refunds for cash flow, said Tony Greco of the IPA.
The organisation’s general manager of technical policy said the extra validation steps flagged by the Tax Office meant businesses could be hit by lengthy delays.
“It’s a fine balancing act for the regulator to sniff out fraudulent refunds from legitimate ones,” he said.
Read more at Accountants Daily
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