ATO targeting small businesses that miss super payments

The Australian Taxation Office will increasingly use its big data capabilities to help, warn and catch small businesses that don’t meet their superannuation obligations. The ATO said the Single Touch Payroll (STP) system had given it “an unprecedented level of visibility” over how businesses are handling their superannuation guarantee (SG) commitments. With that in mind, [...]

By |2020-12-21T23:44:34+11:00August 29th, 2019|Business|0 Comments

ATO acting on tip-offs about dishonest small businesses

The Australian Taxation Office will visit another 1,650 small businesses around Australia as part of its ongoing crackdown on the black economy. The target list includes: 350 small businesses in Darwin (August) 400 small businesses in Far North Queensland (August and September) 400 small businesses in the Victorian town of Healesville (August and September) 500 [...]

By |2020-12-21T23:44:34+11:00August 25th, 2019|Business|0 Comments

Billions of super waiting to be claimed

A quick visit to the MyGov website will help you discover if you have any lost or forgotten superannuation accounts. Small business owners could be among the many Australians who have missing superannuation accounts. As at 30 June 2017, there were about 6.3 million lost and unclaimed superannuation accounts in Australia holding $18 billion of [...]

By |2019-04-14T14:46:01+10:00September 21st, 2017|Business|0 Comments
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