Directors’ now liable for GST
Legislation relating to GST Director Penalty Notices was passed on 5 February 2020 and now awaits Royal Assent. The legislation changes are not retrospective and only apply for unpaid GST incurred from the beginning of the 4th quarter of this income year (i.e. from 1 April 2020). What was the situation prior to the law […]
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Tax Audit Insurance
By Chris Burnett The recent federal government budget provided the ATO $1 billion over four years from 2019-20 to extend their compliance and audit activity. This unprecedented funding coupled with advances in technology and reporting obligations has provided the ATO with more information and data matching capabilities than ever before. They now have the ability […]
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