The ATO has recruited and trained a large workforce of auditors, who have commenced audits in accordance with the Compliance Program 2003-04 released in August 2003 by the Commissioner. Recent announcements in the Federal Budget have provided increased audit funding for the 2004/05 year targeting the SME sector. In this presentation Michael Cranston will outline how the ATO assesses risk in its Compliance Program and provide feedback on the results of ATO activity in the SME sector. Issues to be covered include:
- the type of businesses being targeted
- common problem areas of non-compliance
- update on GST compliance.
- the type of businesses being targeted
- common problem areas of non-compliance
- update on GST compliance.