ATO conducted a “protecting honest business campaign” and found that small businesses needed to improve their record keeping.

Common findings are:

  • Estimating their sales and income;

  • Using the ‘no sale’ and ‘void’ button on cash registers when taking cash payments;

  • Not keeping cash register tapes and not reconciling at the end of the day; and

  • Paying their employees cash-in-hand.

https://www.ato.gov.au/General/Building-confidence/In-detail/Protecting-honest-business/#Visitingbusiness1

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