Your tax return is only one source of information available to the Australian Taxation Office. Banks, employers, super funds and other organisations also provide data that the ATO can compare with what you report. Understanding how this works can help you avoid missed income, incorrect claims and unnecessary questions at tax time.
Read MoreIt’s common for business owners to utilise company resources for their personal use. The business is often such a part of their life that the line distinguishing ‘the business’ from their life can be blurred.
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