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Tag Archives: compliance
ATO withdraws cash sales benchmarks
The ATO’s cash sales benchmarks, for the 2009 year, released in November 2010 have been withdrawn from use. The cash sales benchmarks, covering fifteen industries, are a part of the Austrlaian tax Office’s comprehensive suite of small business benchmarks across … Continue reading
Service trusts – a guide to their safe use.
Many business people use a service trust to supply the use of equipment, staff, premises and administration services to their main business entity. The ATO has been stated concerns about them for decades but has only become active in the … Continue reading
2010-11 ATO audit focus – Individuals
Over the last few years the ATO has found that sending letters to targeted occupations substantially reduces the claims made by that group. In June 2009 they wrote to over 178,000 taxpayers in seven occupations including: concreters; construction and plumbers assistants; electricians; … Continue reading
