Some might say 'Panic.' We say 'Be aware!' 'Be prepared!'
Our coverage and criticism of the ATO's treatment of small business people is extensive. See here. We understand why some people might think we are exaggerating. Surely the stories are 'one-offs?'
- Raid your home without a warrant.
- Allege a debt without proper evidence.
- Demand payment of an alleged debt.
- Forcibly take (garnishee) money from your bank account.
- Sell your house.
- Bankrupt you.
We say 'Don't panic!' 'Be aware!' 'Be prepared!' 'Knowledge is self-empowering!'
We explain seven key powers wielded by the ATO here for members of Self-Employed Australia. Join here.
Make sure your accountant knows. If your accountant doesn't understand the ATO's powers, he or she could make mistakes in handling your tax.
Comments
Post has no comments.