The Australian Treasury has launched a public consultation on allowing small and medium businesses four years to self-amend tax assessments. The deadline for comments is 9 August 2024.
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Allowing small and medium businesses four years to self-amend tax assessments
In the 2023-24 Budget, the government announced the small business package 'Driving Collaboration with Small Business to Reduce the Time Spent Complying with Tax Obligations'. This package would deliver reforms to cut paperwo…