By Joe Kelly · 27 August 2014 · Economy
The 'cash only' culture is under scrutiny, with billions of dollars in untaxed revenue at stake. Find out how this could impact your local businesses and the economy.
The Australian Taxation Office will audit more small businesses after new figures suggest the shadow economy is preventing about $25bn each year from being spent on the nation’s schools, hospitals and vital infrastructure. The figures, cited in News Corp Australia papers, point to a growing problem with business owners not declaring cash payments – a […]
Tags: ATO, audits, cash payments, shadow economy