ATO target high-risk small businesses

Businesses that trade mostly on a cash basis are currently being targeted by the ATO in efforts to uncover undeclared revenue.  

Common business types they are cracking down on are cafes, bars, restaurants and hair & beauty salons as these types of businesses predominantly deal with cash.

If the ATO were to audit your business, it is important to have processes in place whereby you can prove your daily receipts and expenses.

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2017-06-26T15:47:23+00:00May 8th, 2017|Business Advice, Contracts, Employment Law|15 Comments