by Craig | Oct 6, 2022 | ATO
Banking business income to a private account The ATO has stated that it has “no concerns” with business owners banking their business takings or other sales in private accounts, but that this may become an issue when this income isn’t reported....
by Craig | Jul 9, 2022 | ATO, Practice Update, SMSF, Superannuation, Tax Return
ATO’s small business focus for 2022 income year The ATO announced that it will be focussing on the following matters for small business tax returns for the 2021/22 year: Deductions that are private in nature and not related to business income, as well as overclaiming...
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