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ATO Targets Cash-in-Hand Businesses Avoiding Tax and Worker Obligations

Businesses using cash to dodge obligations

The ATO is ‘cracking down’ on businesses that use cash to avoid meeting their tax, employer and business obligations.  Businesses that do this may:

  • fail to report all sales transactions and fail to issue receipts;
  • avoid paying GST, income tax, PAYG withholding, super guarantee, insurance and work cover protection;
  • report their income below the $75,000 threshold to avoid registering for GST;
  • exploit workers by not meeting award conditions and work cover protections; or
  • undercut honest businesses by offering cheaper prices for cash.

The ATO warns that workers who are paid cash-in-hand or working ‘off the books’ are often disadvantaged.  Apart from not receiving the entitlements they should be, if they are injured at work, they may not be protected.

Please contact the business tax team at Omnis Business Advisory in West Perth for assistance if you have questions about your tax, payroll or GST obligations, or for advice to ensure your business remains compliant.

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Justin Flavel

Managing Director

Justin’s experience spans across 20 years in accounting, financial analysis and general business practice.

Although born and bred on the land, Justin’s interest was more in spreadsheets, ledgers, and finance which led him to attend university. In 1992, Justin graduated with a Bachelor of Business majoring in Accounting and Finance. As well as qualifying as a CPA member and becoming a Fellow of the Taxation Institute of Australia, he began gaining practical experience in small and mid-tier accounting practices.

During the late 90s, Justin decided to expand his horizons and travel through Europe. It was during this time that he seized the opportunity to expand his knowledge on the workings of large organisations by taking on roles in multinational corporations.

Today, Justin’s passion is in facilitating businesses to grow and evolve. His focus is on acting in the role of business mentor to help clients develop the full potential of their businesses. He joins clients on their unique journey, and provides the tools and knowledge they need along the way to make the right decisions.

Justin’s aim for his clients parallels his own philosophy and personal journey—focusing on his own career growth and business success while maintaining balance in his life with his wife and three daughters.

Omnis Group Managing Director - Justin Flavel