Posts tagged "general interest charge"

More than 42,000 small businesses are reportedly "disengaged" from the Australian Taxation Office, risking massive consequences when overdue payment rules change in 2025.

The federal government has rustled up $9.8 billion in savings since the May budget through a combination of spending cuts and reprioritisations, including measures focused on the business sector. 

Australian tax chief Chris Jordan's "unapologetic" focus on small businesses "treating ATO liabilities like a free loan" has sparked a strong response from the SME community.