What are the ATO’s focus areas?

What are the ATO’s focus areas?


The ATO has identified the top 3 issues that they see as issues when small businesses lodge their tax returns:

1. Failing to report all of their income;
2. Not having the necessary records to prove small business expenses claims; and
3. Claiming private expenses as business expenses.

Tip! You should keep these focus areas in mind when preparing your tax return.

Comments are closed.

Post Navigation

Newsletter Archives

Client Information Archives

business news July 2019 Business newsletter - November 2019 Business Newsletter - September 2019 car expenses motor vehicle expenses single touch payroll small business Small Business - March newsletter Special Budget Edition 2019-20 vehicle expenses