SmartCompany, November 8, 2018
The tax office plans to visit 10,000 small businesses in the 2019 financial year in a nationwide compliance push designed to reduce the SME tax gap.
In a speech delivered to the Institute of Public Accountants National Congress last week, deputy commissioner for small business Deborah Jenkins said “mobile strike teams” are being deployed to weed out tax dodgers.
Jenkins said the effort would “protect honest businesses” from being undermined by “competitors who get an unfair advantage when they don’t report all of their income”.
. . . so far this year strike teams have visited 3,000 businesses in six areas.
Thirty locations will be targeted in total in the compliance drive, Jenkins said, with teams already visiting firms in Box Hill (VIC), Adelaide’s CBD and Broadbeach (QLD).
Next on the list are Alice Springs, Darwin and Katherine (NT), as well as Geelong (VIC), Wollongong (NSW) and Launceston (TAS).
Six locations have already been canvassed, including Cairns (QLD), Canberra, Darlinghurst (NSW), Surry Hills (NSW), Bunbury (WA) and Busselton (WA). READ MORE: https://www.smartcompany.com.au/finance/tax/common-tax-errors-revealed-ato-compliance-push/?utm_campaign=SC&utm_medium=email&utm_source=newsletter