ATO to visit 700 businesses in Broome & Kununurra
5 August 2019
The Australian Taxation Office (ATO) has announced it will be conducting visits to approx 700 small businesses throughout August in the following areas: Broome, Cable Beach, Derby and Kununurra.
The visits are part of the ATO’s crackdown on the black economy.
Tell-tale signs of conducting business in the black economy include: not being registered for GST or PAYG withholding, a lack of EFTPOS, having assets or a lifestyle that far exceeds reported business income.
Assistant Commissioner Peter Holt said “Local visits provide us with an opportunity to talk to business owners and help them get things right. During the visits, we may discuss record keeping and payment facilities, outstanding lodgments, tax debts, and managing employee entitlements such as superannuation.”
The ATO has indicated that certain industries may be more likely to receive a visit than others. Those industries include:
- Residential building companies
- Building completion and installation services
- Other construction services
- Building cleaning, pest control, and gardening services
- Automotive repair and maintenance
- Cafes, restaurants and takeaway food services
- Personal care services
You’re welcome to contact the team at Shakespeare on 08 9321 2111 if you’d like to discuss any matters regarding your individual circumstances.
You can view the ATO’s full statement regarding these visits via their website: https://www.ato.gov.au/Media-centre/Media-releases/700-businesses-in-and-around-Broome-and-Kununurra-to-be-visited-by-the-ATO/
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