ATB Chartered Accountants
Level 3, 2O Charles StParramatta NSW 2150
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In April 2015, the ATO set up a new page on their website, ‘Building confidence’, which discusses compliance activities, as well as the amounts of tax and penalties which were collected in the previous year.
In the upcoming year, the ATO have stated that they intend on adjusting the tax system to suit those individuals who do the right thing, not for those few people who do not. Some of the focus areas of the ATO’s Audit Budget for this financial year will be:
Ref: ATO website “Building Confidence”
This article is provided as general information only and does not consider your specific situation, objectives or needs. It does not represent accounting advice upon which any person may act. Implementation and suitability requires a detailed analysis of your specific circumstances.
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