Regional small business tax day

Don't risk your business.
Don't risk your business.

Businesses are invited to attend a one-hour information session at 10am to 11am or 6pm to 7pm, and a record keeping information session at 11:15am to 12:15pm, to be held at The Galleria, Australian Taxation Office, 26 Narellan Street, Canberra ACT.

The Australian Taxation Office (ATO) will be holding a workshop on Thursday 13 September talking to local small businesses to ensure they have the support they need to get their tax and super right.

Assistant Commissioner Matthew Bambrick said, “We’re here to help Australian businesses manage their tax and super correctly and make sure all businesses get a fair go. Those that don’t pay the correct amount of tax make it harder for other businesses.”

The information sessions come ahead of the ATO’s mobile business visits to businesses in the Canberra area over the coming weeks.

“Last year we visited just under 6,000 businesses across the country and around one in three of those needed to take some kind of corrective action,” Mr Bambrick said.

“The main issues we’re seeing are with basic recording keeping, outstanding lodgements and unpaid super guarantee or wages. Employers need to make sure they’re doing the right thing by paying their employees’ wages and super correctly.” 

ATO findings and recent research also indicate around 10 per cent of businesses operate solely in cash. Cash-only businesses raise a red flag with the ATO that income may not be accurately reported.

More information available online: ato.gov.au