In an update on Wednesday, the ATO now notes that if a business chooses to use a different GST accounting method from the one it normally uses, the Tax Office may reach out to understand why it has done so.
Read more at the Accountants Daily.
ATO’s ‘well-meaning’ JobKeeper GST guidance backfires
The ATO’s guidance over the use of a cash or accruals approach to calculating turnover in relation to the JobKeeper scheme has now been revised.
