Written by admin on August 17, 2017 in Accounting Taxes

The ATO are sending letters to businesses they have identified as operating on a cash only basis and that their records are also not kept electronically.

If you operate on a cash only basis you may receive a letter.

The benefits of using a software program and keeping records can include easier finance approval, quicker and easier preparation of your accounts/tax return and better saleability of your business.

Link to the ATO press release Here



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