by Financially Sorted | Jul 31, 2026 | ATO, Small Business, Tax & Accounting, Tax Returns
Tax audits and reviews are becoming increasingly common as the Australian Taxation Office (ATO) uses sophisticated data matching and compliance programs to identify discrepancies in tax returns, BAS lodgements, payroll reporting and other financial information....
by Financially Sorted | Jun 3, 2026 | Business, Small Business
With global fuel supply chains still under strain from conflict in the Middle East, many Australian businesses are feeling the impact through higher operating costs, delayed deliveries and pressure on cash flow.To help stabilise affected sectors, the ATO have...
by Financially Sorted | Jun 3, 2026 | Business, Small Business
ASIC has cautioned business owners to be alert to a growing trend of third-party businesses targeting companies with annual company review letters appearing to be an official government bill from the regulator. It has been exposed that business owners are being sent...
by Financially Sorted | Mar 2, 2026 | ATO, Business
Over the past 12 months, I have found myself having the same conversation with business owners again and again. It usually starts with a variation of “It feels like the ATO is more active than it used to be” or “The ATO has never asked for things like that” or “The...
by Financially Sorted | Jan 11, 2026 | Business, Single Touch Payroll, Small Business, Superannuation
The ATO has revealed that almost $1.1 billion in unpaid super has been returned to nearly one million Australians across the 2024-25 financial year. In the same financial year, $209 million were raised in penalties. Paying correct super entitlements on time is no...
by Financially Sorted | Jan 11, 2026 | Business, Economy, Government Legislation, Small Business
For years, businesses have been moving away from cash – and for good reason. Digital payments are quick, traceable and cut down on the risk of theft or counting errors. But that tap-and-go world might soon have to make room for notes and coins again. The Government...
