‘Expect to be reviewed’: ATO sends warning to cash-flow boost rorters
The Tax Office says businesses that made significant changes to their wages in order to obtain a higher amount of the cash flow boost can expect their claims to be revisited and scrutinised in the wake of a recent tribunal decision.
The ATO’s warning comes after a chartered accountant attempted to access the maximum $50,000 initial cash flow boost by reporting a $107,500 one-week wage in his March 2020 quarter BAS, despite consistently reporting wages of $100 each week for the past five years.
Read more at Accountants Daily.
Budget highlights at a glance
