Mannion's Blog

ATO compliance: COVID-19 support measures

Mannions Business Services - Monday, August 24, 2020

Businesses beware, the ATO is conducting compliance measures on the government’s COVID-19 stimulus package including on the JobKeeper and the cash flow boost. It will be looking at many things including eligibility requirements for both businesses and employees, attempted fraud, artificial structures, phoenixing and restructures. ATO warns that severe penalties can be applied to tax avoidance schemes or those found to be breaking the law, including financial penalties, prosecution, and imprisonment for the most serious of cases.  more here...

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