tax evasion

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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Survey reveals huge surge in number and value of frauds

The latest in a series of six-monthly reports from KPMG has revealed a huge jump in the occurrence and financial value of frauds. Its “Fraud Barometer” showed that over the six month period to March this year, 116 frauds were committed, with a value of $381.1 million (that is, an average of $3.3 million per

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