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10 Aug 10 Cash economy letter program

The ATO has advised that as part of its approach to managing risks in the cash economy, this financial year, it will send around 110,000 letters to taxpayers who may be participating in the cash economy. The majority of letters will be sent to businesses reporting outside the small business benchmarks for their industry. If the taxpayer is represented by a registered tax agent, the ATO will write to the agent to advise that it has contacted their client.

 


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