The ATO understands the past few years have been difficult, with floods, bushfires, and COVID-19 affecting many businesses. The ATO wants to help make it easier for businesses impacted by these events, and so have developed a practical compliance guideline (PCG) that may assist. The ATO develops PCGs to address the practical implications of tax laws and outline our administrative approach.
A cash flow forecast is the most important business tool for every business.
Global data, analytics and technology company Equifax has signed an agreement with the ATO to receive commercial tax default data so that it can be displayed in credit reports.
Businesses that need a little more financial help will have one last opportunity to claim the
loss carry-back in their 2021–2022 income tax returns.
The information in this chart is fascinating from both an historical perspective as well as what it predicts. It also guarantees you'll be the breakfast table expert every time.
The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships.
Digitising billing systems would save almost $130 million annually in carbon emissions
The ATO says the best protection is “knowledge defence”.
Increased sales take Xero index into positive territory.
A data matching program designed to identify and address non-compliance with tax and super obligations is under way in relation to government payments for the 2018–2019 to 2022–2023 income years. It covers most services that the Commonwealth Government pays third-party program providers to deliver.