The ATO’s program of rolling business visits will soon take its inspectors to Tasmania, with around 300 businesses in the state’s capital city attracting scrutiny following public tip-offs.
Just a week after announcing plans to visit businesses in the Bathurst area in Central Western NSW, the ATO revealed that October and November will also see inspectors doorknock firms in a number of suburbs in Hobart.
These suburbs include Bellerive, Geilston Bay, Howrah, Lindisfarne, Montagu Bay, Rose Bay, Rosny, Rosny Park and Warrane.
“Our intelligence suggests that businesses in certain industries on the eastern shore are gaining an unfair competitive advantage over their honest competitors, so businesses in these industries are more likely than others to get a visit from us,” said assistant commissioner Peter Holt.
The industries in question include:
- Cafes, restaurants and takeaway food services
- Hairdressing and beauty services
- Construction services
- Building and industrial cleaning services
- Management advice and related consulting services
“We’ve also received a number of tip-offs from people in the area about some businesses getting an unfair advantage by not playing by the rules. Tip-offs have told us about businesses operating and paying wages off the books in cash, not providing invoices and not reporting all of their sales, all of which are signs of black economy activities,” Mr Holt said.
“Our intelligence also suggests that some businesses may be overclaiming their expenses and may not be complying with their obligations by not paying their employees’ entitlements like super and tax contributions.”
As well as the compliance checks, the ATO will be running information sessions for employers and business owners to answer common questions and provide information on basic tax and superannuation rules.
“Sessions will provide businesses with some tips about keeping records, getting on board with Single Touch Payroll, and planning for regular financial commitments, so if you need a hand or feel like you could do with a refresher, make sure to register and come along,” Mr Holt said.
A total of four information sessions will be held over three separate days, all at Clarence on the Bay in Rosny Park.
These will be:
- an information session about the business visits, on Tuesday, 22 October
- a session on business records basics, on Tuesday, 29 October
- an introductory session on Single Touch Payroll (STP), on Wednesday, 30 October
- and a session on “planning your regular financial commitments”, also on Wednesday, 30 October
The visits are part of the ATO’s commitment to get and visit up to 10,000 businesses nationwide this financial year.
Registering to attend these sessions can be done through the ATO website’s “Protecting honest businesses” page.
Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016.
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