If you fail to keep adequate records the Taxman now has the power to send you back to school…

The biggest surprise to spring from the latest M.Y.E.F.O. report was the one that allows the Taxation Commissioner discretion to direct a Business Owner to complete an approved Record-Keeping course, in an effort to improve their reporting performance and to do this as an alternative to just the application of financial penalties. Clients of INVISION [...]