Taxpayer given 35% penalty for BAS recklessness
Following an application for a refund of nearly $94,000, the Administrative Review Tribunal has set aside an application for the remission of a 50 per cent penalty assessment.
Read more
SMEs warned as ATO ramps up tax debt collection
One insolvency specialist has emphasised the importance of small businesses engaging their accountants to stay on top of their tax debts in light of increased ATO scrutiny of the SME market.
Does Your Small Business Need to Follow AML Privacy Rules?
Compliance with new anti-money laundering (AML) laws may subject your small business to additional privacy obligations it did not face before.
Global companies turn to cost-cutting amid ongoing inflation
Rising operating costs and persistent inflation are placing renewed pressure on businesses worldwide, despite signs that confidence is beginning to recover.