ATO Tax Tips For Small Business

ATO Tax Tips

ATO Tax Tips For Small Business

To lend a 'helping hand' to small businesses to get their tax right this Tax Time, the ATO has identified the top 3 issues they see when small businesses lodge their tax returns:

  • Failing to report all of their income;
  • Not having the necessary records to prove small business expenses claims; and
  • Claiming private expenses as business expenses (such as travel expenses).

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