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Focus Professional Group
Cash and hidden economy

Cash and hidden economy

A recent interview with Tax Commissioner Chris Jordan revealed the ATO will be targeting businesses that deal in cash. As a part of its cash and hidden economy operation, the ATO has compiled “data-maps” of cash-only businesses and those that do not frequently or...

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How the ATO uses data matching

How the ATO uses data matching

The ATO receives data from a range of sources, including banks, financial institutions and other government agencies. They validate this data and match it against their own information to identify where people and businesses may not be reporting all their income. When...

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