Posts tagged "tax gap"

The ATO is developing a new online training portal for small businesses, containing free courses designed to improve tax compliance — and help the tax office whittle down some $44 billion in collectible debts.

Next month, the ATO will visit 400 businesses in inner-north Brisbane, which it said is “at risk” of becoming a black economy hotspot.

The small business tax gap eclipsed $11 billion in 2015-16, so the tax office is stepping up efforts to curb black economy activity.

The ATO has this week announced a widespread random crackdown on millions of Australian taxpayers after a tax gap of over $8.7 billion was uncovered.