The ATO has announced that they have been and are continuing to look at businesses that are making deliberate or reckless mistakes in claiming job keeper payments. They have already recovered $ 120 million and have another $ 100 million under review.
Now with the job keeper extension in place, they are going to focus on two new areas- being the actual decline in turnover test and in particular omitted sales from reporting or delaying or altering the recognition of sales from normal practices, and the incorrect claiming of the higher-tier rate for employees and business participants.
To read the full article: https://www.accountantsdaily.com.au/tax-compliance/14992