by C&N Accountants | May 23, 2024 | ATO, Business, Small Business, Tax Audit
The ATO is tightening its grip on business owners who dip into company funds or use company resources for personal purposes. It’s not uncommon for business owners to blur the lines between their personal lives and their business, using company resources as if...
by C&N Accountants | Nov 10, 2023 | ATO, Tax Audit
Have you ever wondered why some foods are exempt from GST while others are taxed? A recent Administrative Appeals Tribunal (AAT) encounter sheds light on the intricate balance between GST-free and taxable foods. Origins of the Divide Back in 2000, when the Goods &...
by C&N Accountants | Nov 10, 2022 | ATO, Tax & Accounting, Tax Audit
Australians owe almost $45 billion in unpaid taxes – and the tax office is coming to collect. Collectable debt rose by 69 per cent to $44.8 billion in 2021/22, from $26.5 billion in 2019 before the COVID-19 pandemic hit. Following on from the recent budget, the...
