Luke Grant is joined by Susan Franks, Senior Tax Advocate at Chartered Accountants Australia & New Zealand, about the ATO Small Business Tax Gap report released yesterday that highlights a $11.1 billion tax gap, almost two-thirds (64%) of this credited to black economy behaviour such as not declaring income, workers paid cash ‘under the table’ or exaggerating expenses.

 

Chartered Accountants Australia & New Zealand Michael respond that  the report is a warning to the millions of small businesses now completing their 2019 income tax returns to ensure documentation is complete and accurate.

Luke Grant is joined by Susan Franks, Senior Tax Advocate at Chartered Accountants Australia &amp; New Zealand, about the ATO&nbsp;Small Business Tax Gap report released&nbsp;yesterday that&nbsp;highlights a $11.1 billion tax gap, almost two-thirds (64%) of this credited to black economy behaviour such as not declaring income, workers paid cash &lsquo;under the table&rsquo; or exaggerating expenses.
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Chartered Accountants Australia &amp; New Zealand Michael respond that &nbsp;the report is a warning to the millions of small businesses now completing their 2019 income tax returns to ensure documentation is complete and accurate.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.

Wake Up Australia, 4am - 9:30am weekdays.

Australia Overnight with Mike Jeffreys, 12am – 4am weekdays.
Wake Up Australia, 4am - 9:30am weekdays.

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