ATO administration
Taken Goods for Private Use? Here’s the Latest Values.
The ATO knows that many business owners naturally help themselves to their trading stock and use it for their own purposes. This common practice can occur in businesses such as butchers, bakers, corner stores, cafes and more.
Natural Disasters and Help with Your Tax
The ATO says that if you are affected by natural disaster, such as bushfires, floods or storms, there is generally no need to worry about your tax affairs right away.
Getting A Tax Valuation From The ATO
Not every individual situation fits neatly with the tax laws as they stand — sometimes a taxable item’s known value may need to be determined.
Calling Time Out on Your Business? Some Essentials You’ll Need to Know
Calling time out on your business, you will need to know:
1. lodgement and payment
2. refunds
3. cancel PAYG withholding registrations
4. cancel the ABN
5. record keeping
ATO’s Cyber Safety Checklist
In a new update the ATO reports that it is receiving reports of email scams about JobKeeper and backing business investment claims.
New Data Matching Programs Initiated By The Federal Government
Over the first quarter of this financial year, the government has initiated two new data matching programs, using data that the ATO holds.
