Business
ATO targets small business cash flow boost fraudsters – The Australian Financial Review
Small and medium sized businesses could face action from the Tax Office if they’ve been overpaid COVID-19 benefits.
The ATO is targeting unusual activity in salary, wages and tax withholding amounts.
“We are concerned that you may have received more cash flow boost credits than you were entitled to,” correspondence to business operators said.
One business owner at a recipient business told The Australian Financial Review they had withheld more tax on worker incomes than usual in the March quarter, “due to upward variations being requested by employees”.
That move has attracted ATO scrutiny.
The ATO has to…
-
General15 hours agoFour escape injury after jumping from three-storey unit on fire in Newcastle
-
Noosa News15 hours agoGippsland vegetable farm accused of underpaying migrant workers
-
Noosa News16 hours agoThe Best Things to Do in Brisbane This New Year’s Eve
-
Noosa News19 hours agoMary River cod thriving in Brisbane River catchment, century after relative went extinct