Last year, the ATO made a “conscious choice” to pause its debt, audit and lodgement work at the height of COVID-19, ultimately contributing to a $1.3 billion shortfall against its compliance revenue target.
Read more at the AccountantsDaily.
Accountants foreshadow ATO compliance storm
Accountants are bracing for a full recommencement of ATO audit and debt activity as recent signs point towards a renewed approach to compliance-related work.
