1. Skip to navigation
  2. Skip to content
  3. Skip to sidebar




Property News

ATO to crack down on tax evasion

February 23, 2012

It is safe to say that no one really enjoys paying taxes. You see the amount taken off of your paycheque and maybe a little tear streams down your cheek.

At the end of the tax year, you likely stress out about calculating your expenses for twelve months and then wait with bated breath to see if you owe more money to the government.

However, if you want to drive on paved roads to your residential property, enjoy pristine outdoor parks and send your kids to public school, you have to pay them.

However, there are still those that manage to squeak by the government by dealing only in cash. Certain industries take advantage of their under-the-radar businesses by avoiding the system as much as possible.

However, the Australian Tax Office (ATO) recently announced its increased efforts to crack down on tax evasion.

Strategies include educating the community about not getting receipts on cash jobs, acting on tips from the public and reviewing business records. There will also be published estimates of what similar companies in an industry should be grossing.



Related Articles

Former industrial precincts to become residential hubs

The New South Wales government has announced plans to turn two former industrial areas in north ...
read more

Perth city budget raises fees but aims to revitalise city

The City of Perth budget for 2014/15 was passed on June 25, setting the stage for the ...
read more

Plans in motion for 'Brisbane's backyard'

Walkabout Creek will see a $2.5 million investment from the Queensland government, according ...
read more

Latest Articles

Increased construction figures across New South Wales highlight investment strength

Buyers looking for a great area to consider land investment and property construction in the near ...
read more

Regional Victorian home values increase significantly during last 12 months

Regional Victoria has seen house prices rise again during the last quarter, with new data ...
read more

RP Data: Quarterly rental data highlight slowing capital market

Owners of investment property could be interest to see the latest statistics from RP Data, with the ...
read more