Why the ATO is looking at you
High earners beware – the taxman's likely to come after you if you've breached your superannuation contribution caps, paid too little tax on your super contributions or taken part in employee share schemes and haven't declared them on your tax return.
Those involved in the sharing economy need to take heed too. Accountants say the Australian Tax Office (ATO) has improved data-matching, making it simpler to target those earning money from Airbnb, Uber and Airtasker.
Read the full article on the Australian Financial Review.