New Information Weapon

New Information Weapon

Hello Chasers,

With improvements in technology comes improvement in data collection and analysis which is proven to be a great tool for business owners. However, it also becomes a great weapon to combat fraud and non-disclosure by the ATO!

The ATO’s pre-filling service allows tax agents to cross-check the information provided by customers with information the ATO has obtained from various organisations.

The 2022 pre-filling information available in the pre-filling report through both ‘Online services for agents‘ and ‘Practitioner lodgement service‘ (if the agent uses standard business reporting (‘SBR’)-enabled software) allows us to confirm the accuracy of the information provided by customers before completing their tax returns.

 

Click here to read more …

Read more of our daily blogs in our Chasing the Dream Facebook Community

Share This

Related Posts

Ceebeks — Business Solutions for GOOD
featured
4 Min Read

Major SMSF Property Borrowing Changes Are Now Law: What Trustees Need to Know

Hello Chasers, The Federal Government’s changes to Self-Managed Super Fund (SMSF) borrowing rules are now law, introducing significant changes for trustees considering purchasing residential property through their SMSF. While SMSFs can still invest in residential property,…
Read Full Article
Ceebeks — Business Solutions for GOOD
featured
4 Min Read

Australia’s New AML Rules Start 1 July 2026: What Businesses Need to Know

Hello Chasers, Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) framework is set for its biggest overhaul in almost 20 years. From 1 July 2026, significant changes will come into effect, expanding the AML/CTF regime to thousands…
Read Full Article