Finance

Small businesses using software to digitally cook the books have been put on alert, as investigators led by the Australian Taxation Office crack down on the use of electronic sales suppression tools (ESSTs).

Secrecy provisions were blamed by agencies for their inability to share certain information related to the PwC leaks scandal.

The Australian Taxation Office has revealed the five types of business debts at the top of its watch list, as the extraordinary leniency the tax office showed to late payers through COVID-19 lockdowns finally comes to an end.

Australian tax chief Chris Jordan's "unapologetic" focus on small businesses "treating ATO liabilities like a free loan" has sparked a strong response from the SME community.

Outgoing ATO commissioner Chris Jordan says he is "unapologetic" about the tax office's shift to take stronger action to recover debt from small businesses.

A Mildura man who received $837,000 from the Australian Taxation Office (ATO) using 'TikTok GST scam' has been sentenced to 7.5 years of jail time.

A group of crossbench parliamentarians has revived the idea of increasing the rate of the GST from 10% or removing exemptions.

As small businesses complete their tax-time filings, the Australian Taxation Office has issued a quick and concise guide to the most common errors it is observing in SME lodgments.

Proposed penalties of up to $1.1 million for individuals and $5.5 million for corporations were passed in the NSW parliament.

More than 16,000 penalties were recently issued by the ATO for businesses that didn’t lodge their TPARs for previous years.

The Australian Taxation Office is reminding businesses and tax professionals its technical help hotline will be disconnected in November, urging callers to visit its online self-help services instead.

Small businesses are spending more than $1 million in legal fees to challenge decisions handed down by the Australian Taxation Office (ATO), but an official reimbursement program offers "insufficient certainty" over what costs are actually covered, according to a new review by the tax office watchdog.