Latest PTAM News

Punitive or insufficient? Debate rages on $10k cash limit

The measure, set to come into effect in just over four months from 1 January 2020, comes as a result of the final report of the Black Economy Taskforce, which recommended that the government introduce such a measure to tackle tax evasion and other criminal activities.

#Precision #PTAandM #Cash ... See more

The accounting profession remains torn on the government’s proposal to criminalise business cash payments above $10,000, with one professional association calling it an extreme response to a symptom of the black economy. ... See more

Do you earn more or less than the average Aussie?

New Australian Bureau of Statistics (ABS) figures show that the average Australian makes $1,643 per week. 💰💰💰

What do you think of these figures? 🤔

#Precision #PTAandM #Wages

New figures have revealed the average weekly ordinary time earnings for full-time adults in Australia in May 2019.

PAYGW fraud earns Newcastle woman 15 months’ house arrest

The Tax Office has secured a conviction against a New Lambton woman who fraudulently obtained and attempted to obtain over $63,000 in pay as you go withholding (PAYGW) tax credits in her income tax returns.

“If you’re caught breaking the law, we will hold you accountable, even if it means pursuing you in the courts.” - ATO acting assistant commissioner David Mendoza.

#Precision #PTAandM #ATO #fraud #newcastle ... See more

The Tax Office has secured a conviction against a New Lambton woman who fraudulently obtained and attempted to obtain over $63,000 in pay as you go withholding (PAYGW) tax credits in her income tax returns. ... See more