What to Expect from ATO Risk Reviews and Audits
ATO audits can happen any time to a business, but now with JobKeeper, early release of super and COVID-19 cashflow boost payments, the ATO will be reviewing and auditing a lot more businesses in the future. The ATO will usually conduct a risk review initially, to determine if there are compliance issues that warrant a full audit process. Often the risk review process allows issues to be resolved quickly and simply without the need for a full audit. If an audit is instigated,
Contractor or Employee – What You Need to Know
What is the difference between a contractor and an employee and whose responsibility is it to get right? An employee works in the business and is integral to that business has rights and entitlements under the Fair Work Act 2009 has a reasonable expectation of ongoing work, agreed hours and duties is covered by the employer’s workers compensation insurance is paid superannuation guarantee. A contractor is actively running and advertising their own business is responsible for
