ATO warns small business to stop using tax to ‘prop up’ cash flow
Tom McIlroyPolitical correspondent
Small business operators are increasingly using unpaid tax and superannuation liabilities to “prop up” their cash flow, attracting growing scrutiny from the Tax Office, second commissioner Jeremy Hirschhorn says.
Mr Hirschhorn – among contenders to replace outgoing commissioner Chris Jordan in the top job next year – will tell Tuesday’s Financial Review CFO Live Summit, the agency has seen an increased reliance on unpaid tax and flagged stronger compliance action in 2024.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Federal
Fetching latest articles