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tax-dodging

ATO Warned Businesses With Tax Debts

Posted on by Laze Spasevski
The Australian Taxation Office ATO has warned businesses with tax debts. The Government’s principal revenue collection agency revealed that it has issued Notices of Intent to disclose business tax debts. At least 9,000 businesses are at risk of having their business debts sent to the credit reporting agencies for the month of October. ATO warned the businesses: That we are behind on th...
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ATO Issues Notice to Property Investors

Posted on by Laze Spasevski
The Australian Taxation Office or ATO, issues notice to property investors. It will scrutinize their tax returns in an effort to claw back an estimated $1.3 billion in missing taxes. In a 2020-21 sample audit conducted by ATO, an estimated $9bn of tax revenue was lost due to errors and tax avoidance. According to the ATO, the most common tax errors that property investors make are: inco...
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ATO Cracking Down On Shadow Economy

Posted on by Laze Spasevski
The ATO is cracking down on the shadow economy by using tip-offs from members of the public. The Australian Taxation Office said it had received 43,000 tip-offs about black economy behaviour in the last financial year, with the most common reports being for businesses: Demanding cash from customers Paying workers in cash Making sales but not declaring them The industries that ...
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