The ATO have been sending out notices to all businesses, warning them that if they are not staying up to date with their obligations, that is may in fact impact their eligibility for future stimulus measures.
In short, they are saying that businesses who are doing well need to resume their obligations whilst those that are facing ongoing hardship are encouraged to get in contact with the ATO.
Since September 1st 2020, the ATO has stopped providing blanket extensions to small business audit cases. The ATO have also recommended activity where the business is either not adversely impacted by COVID or is now in a position to progress.
If you need some help in this area, please do not hesitate to contact me direct on 0429 363 047.
Maree Punzet | Maree’s Mobile Bookkeeping | 0429 363 047
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