ATO targets small private groups

by

Ed.

From www.accountantsdaily.com.au: The ATO is prioritizing the reduction of tax debt among small privately owned and wealthy groups, which currently amounts to $50 billion.

Deputy commissioner Louise Clarke emphasized that late lodgments and restructuring for succession planning are contributing to increasing tax risks.

The ATO plans to implement educational campaigns and review its programs to improve compliance and support for these taxpayers in 2025.

Filed under: SME & Family Business

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