Craig Heiner - CS Accountants
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Author: craigcs

Looming changes and the fast approaching end of financial year means it’s time for businesses, households and investors to get their tax affairs in order. With a number of changes coming into effect with the end of the 2011–12 financial year, it is advised that all taxpayers gain an understanding of their entitlements and obligations.

The Australian Taxation Office ("ATO") is making it harder for people in business who deliberately use cash transactions to hide income and evade tax obligations. Data matching is an expanding program used by the ATO to identify those who are not reporting all their income.  The latest targets include coffee suppliers' and hardware store trade account holders.