Accountants Daily·3 min read·medium
'Not the right way forward': accountant calls out ATO powers on GST reporting
C
Carlos Tse
✦AI Summary
An accountant has criticized the Australian Taxation Office's (ATO) new policy to force non-compliant small businesses onto monthly GST reporting cycles. The accountant argues that the measure is impractical and fails to address the underlying reasons why small businesses struggle with tax obligations.
One accountant has called the ATO’s move to change selected small business owners’ GST reporting cycles to monthly intervals unfair.
businesseconomy
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