The outline of the current ATO compliance program is making sure all taxpayers record the correct amount of income and ensuring they pay their fair share of tax. Specifically they are targeting:
- Executives and directors
- Truck drivers
- Sales people
- Electricians
They are also increasing their use of technology for date matching purposes, e.g. property sales, capital gains tax, managed funds and interest, etc.
ATO staff will be issuing more questionnaires, audits and phone calls in relation to certain industries, transactions etc and will be doing more analysis on what they think taxpayers should be declaring as income.
Saying that they are also becoming more compassionate for those businesses not travelling so well; they are introducing interest free payment plans, cash flow relief on PAYG and BAS payments as well as conducting free business seminars for business owners.
