ATO digs deep on business visits, cash payments

With the ATO now visiting about 10,000 Australian companies every year, should business owners have anything to fear? ATO assistant commissioner Peter Holt speaks straight from the source. Mr Holt joins host Adam Zuchetti in this episode of Accountants Daily Insider to share insights from the business visits program, dispel misconceptions around what employers can expect, and discuss the current trends in business compliance. Tune in as Mr Holt reveals why the ATO is making such a big deal about the black economy, what inspectors have discovered by visiting Aussie businesses, and what the Tax Office really thinks about discounts for cash payments.