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ATO Targets In 2011-12

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Date: 01/08/2011

Clients watch out! The taxman cometh with his new compliance hit list for 2011-12

As all good accountants know, the new financial year brings a new compliance hit list from the ATO. Tax specialist Michael Jones outlines for us the key areas of focus this year, for individuals, micro-businesses and small to medium-sized businesses. And he offers wise words on the attitudes of taxpayers towards compliance, using a pyramid analogy. Are your clientsat the base of the pyramid and complying responsibly with their tax affairs? Or are they up at the pointy top of the pyramid and avoiding their taxpaying responsibilities - in which case they're right in the ATO firing line.

  

Topics: Accounting & Tax, Business Processes, Financial Management


Michael Jones, Cummings Flavel McCormack