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Small Business Lodgement Penalty Amnesty The ATO is offering a lifeline to eligible businesses with outstanding tax debts. Small businesses have a one-off amnesty to lodge outstanding tax returns without penalties. The amnesty operates until 31 December 2023 and allows small businesses to lodge outstanding tax returns and business activity statements (BAS) that were due

In this month’s issue we focus on the impending superannuation rate rise, small business energy incentives, fuel tax credits and car expense claims. There are also important discussions on the review of business restructuring and small business lodgement amnesty. Superannuation rises to 11% The superannuation guarantee (SG) rate increase from 1 July 2023 will see