cash economy

ATO business visits uncover some lax taxation habits

The ATO has been visiting businesses across Australia as part of its ongoing focus on the cash and hidden economy, a campaign it has dubbed Protecting honest business. In particular, it has been focusing on businesses advertising “cash-only” or dealing mainly in cash. The name of its campaign refers to the unfair advantage these cash

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Black economy taskforce wants your input

The government contends that the black economy affects the whole community, provides unfair competition for honest businesses, and leads to the exploitation of more vulnerable workers. Black economy taskforce wants your input “It also increases the costs of providing government services because of people who don’t pay their share of tax. This issue needs a

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The ATO is focusing on your cash-only clients

The ATO has announced that it is intending to visit businesses around Australia that appear to be trading as, or advertise as, cash-only operations. It says that such businesses are obvious inclusions in its focus on the cash economy. The ATO is focusing on your cash-only clients “Some may be your clients,” the ATO says.

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