If you have any outstanding tax returns, please be alarmed!
You may soon receive a letter from the ATO and the ATO will decide your tax with their own information.
The ATO has started writing to tax agents to ask them to lodge their clients’ late returns. The letters also set out an estimate of…
ATO’s compliance focus for the SME market in 2012/2013
In its Compliance Program 2012/2013, the ATO outlines the following compliance risks that it is focusing on in the SME market:
Participation of wealthy individuals in the tax and superannuation system
Use of trusts to inappropriately…
Major tax changes from July 1, 2012
Companies and directors
Tax losses will be able to carried back to offset against earlier income years
Controversial new rules affecting living-away-from-home-allowances will affect non-resident workers
Directors will be subject…
Lean Six Sigma
Quantum Business Guide: 13. Lean Six Sigma
Business Evaluation
Quantum Business Guide: 12. Business Evaluation