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READ MORETax Office urged to be sensible around cash-flow boost reviews
The ATO’s compliance work around the cash-flow boost will need to take into account closely held entities who have inconsistent wages, says one bookkeeping association.
The Tax Office had recently written to a number of cash-flow boost recipients who had made an “unusual or unexpected change” to the amount of salary and wages reported in their business activity statements.
Read more at Accountants Daily.
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