Allworths

October 1, 2014

Small business benchmarking and the ATO

There has been increased ATO audit activity in the small business sector particularly where the ATO has used small business benchmarking. Benchmarks are financial ratios developed […]
October 1, 2014

Undisclosed offshore income

The ATO’s Project DO IT (Disclose Offshore Income Today) offers taxpayers with unreported income from offshore investments, the opportunity to make a full voluntary disclosure. In […]
October 1, 2014

Dealing with Statutory demands

Pursuant to the Corporations Act, a creditor that is owed more than $2,000 is eligible to issue a statutory demand against a company requiring it to […]
October 1, 2014

Too good to be true tax savings

There are many wise sayings when it comes to managing money, such as ‘If it looks too good to be true then it probably is’. In […]