Posts tagged "ATO tax tips for businesses"

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

Tax time is often the most stressful time of the year for small businesses, but a former Australian Taxation Office official has listed four tips to help entrepreneurs avoid the tax office's ire in 2023.

The Australian Taxation Office (ATO) has revealed its priority hit-list for the end of financial year period, reminding workers and businesses to stay on top of their work-related expenses and potential capital gains requirements.

The tax office says it will focus on addressing these three common issues with small-business tax returns this end of financial year.