As part of the ATO's approach to managing tax risks, this financial year they will send around 110,000 letters to taxpayers who may be participating in the cash economy.
The majority of letters will be sent to businesses reporting outside the 'small business benchmarks' for their industry.
The ATO claims that their small business benchmarks (which they have developed for over 100 industries) help them to identify businesses that may be avoiding their tax obligations by not reporting some or all of their income.
The majority of letters will be sent to businesses reporting outside the 'small business benchmarks' for their industry.
The ATO claims that their small business benchmarks (which they have developed for over 100 industries) help them to identify businesses that may be avoiding their tax obligations by not reporting some or all of their income.
Adam joined LBW Chartered Accountants in 2007 and became qualified as a Chartered Accountant in 2008. Prior to working at LBW, Adam worked at Pitcher Partners in Melbourne for 3 years. Adam specialises in business and taxation preparation, planning and advice. Adam’s personal interests include playing hockey and indoor cricket.
This month LBW became Waste Wise certified, Andrew Wierzbowski and Liz Kiss are pictured receiving the accreditation certificate. The Waste Wise Geelong Network is a partnership program run in conjunction with Sustainability Victoria, Barwon Regional Waste Management Group, Geelong Chamber of Commerce and the City of Greater Geelong. The program brings businesses together to learn how to recycle in the workplace, share this knowledge with other businesses and create a more sustainable and low waste Geelong. Liz Kiss from the administration team championed the accreditation process, sought ideas and feedback from the staff and put practical recycling solutions into place within the workplace. LBW are committed to ongoing sustainable business practice.