ATO’s generosity won’t last forever

www.accountantsdaily.com.au

Many business owners who found themselves struggling because of COVID-19 welcomed the debt initiatives introduced by the federal government as well as the generosity shown by the Australian Taxation Office towards debt collection. However, this generosity has had a large impact on the amount of receivables collected by the ATO, and it has now flagged a change in policy, so it’s important to be prepared.

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