ATO seeks to soothe small business
The Australian Taxation Office (ATO) deputy commissioner – small business, Deborah Jenkins, has sought to soothe small business that the ATO is acting in their best interests, following an episode of Four Corners last night that suggested otherwise.
The program explored the ATO’s relationship with small business, its approach to debt management and its administration of the Australian Business Register.
Despite being interviewed for the episode, Jenkins felt that it did not reflect the Office’s wider relationship with small business.
The episode “focus[ed] heavily on a very small number of atypical cases and extrapolate these across the entire system, alleging that the ATO is anti-small business, wields too much power or is solely focused on collecting revenue,” she said.
Although Jenkins admitted that the ATO had made errors in the past, she was at pains to reassure small business that the Office always sought to act in their best interests.
“While we do sometimes make mistakes, we acknowledge those specific instances and we always welcome external feedback and constructive critique.
“I’m proud to stand up for the relationship and services the ATO has with, and for, small business. The feedback I consistently receive from credible sources – like small businesses themselves and their key industry associations – is positive about how we listen and respond to their needs.”
Jenkins said that it was important for small businesses to remember that the cases aired were not standard situations for small businesses and the ATO to find themselves in.
“I’m concerned this program will serve only to create tension and worry for small businesses where it did not previously exist - and perhaps even stop people from coming to us to have questions answered or issues resolved. That’s the worst outcome for everyone,” she said.
AUTHOR
Hannah Wootton
Recommended for you
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
Having peaked at more than 40 per cent growth since the first M&A bid, Insignia Financial shares have returned to earth six months later as the company awaits a final decision from CC Capital.
