Accountants ‘at epicentre’ of growth in non-bank finance
Accountants are helping open the door to alternative sources of finance and investment as the trusted advisers to...READ MORE
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.
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