The ATO is Moving Non-Compliant Businesses to Monthly BAS Reporting — What It Means for You (and Us)
Every morning, I flick through Accountant Daily, and lately, it’s become crystal clear that the ATO is using the publication to quietly drip-feed their latest strategies to accountants like us. This is their way of getting us to carry their message to our clients — and the latest one is worth paying attention to.
Australian Taxation Office Assistance with tax debt
As we have been telling all our clients and was the feature of week 2 of our plan, that we need to negotiate the deferment of tax payments in whatever way we can so that you can harbour the money as no one knows and can guess what the future looks likes.
Accounts a mess – not seeing a chance of getting any of the stimulus package
Maybe you have put your name down, registered, but what happens when you have no records of trading because your accounts are a mess and you are behind?
Name ten sexy things about seeing your accountant – I’m waiting – no? OK, name one!
Probably most people see the accountant as the person who tells you how much tax you must pay. “Here is your BAS, now pay it – here is your company or personal returns, now pay it”.
Tax 2022Guessing what the taxman will do
The ATO will be robust in collecting this money; our belief is its gloves off after Australia Day 2022.
Heads up – a tax debt can screw your credit rating
Ok, the ATO has been “softly, softly” in collecting tax debt. If you haven’t arranged to pay down debt or do something else (with Our Help), you can now be punished by having your credit rating blown – and that could affect you for years – Gavin Waring
Where is the most dangerous place to live on earth? Anyone for a 6-day tour of Mogadishu?
I’m trying to tie in my cleaner, a trip to Mogadishu and comments about danger here in Australia.