The ATO Is Pursuing $172 Billion in Undeclared Contractor Income

The Australian Tax Office (ATO) has been tracing payments to contractors via the data from its taxable payments reporting system (TPRS). It is estimated that over 60,000 Australian business are yet to lodge TPARs for the 2019-20 financial year. The ATO has advised Australian businesses to come clean on the $172 billion worth of payments […]