The ATO have issued some statistics in relation to their findings in terms of tax and superannuation breaches and state that they are continuing to bring penalties to bear for non-compliance, which includes the very serious offences of tax evasion and fraud and the summary offences of non-lodgement of the required documents/information. The published statistics show that the ATO has a high success rate for achieving conviction; it pays to comply with legal requirements.
Compliance Essentials is available to assist with your business’ compliance strategy and management. Call us on 1300 602 880 to arrange a no fee, no obligation discussion. www.complianceessentials.com.au