Complexity and compliance requirements make payroll a high risk function for most businesses. Missed deadlines or inaccurate reporting can result in significant financial penalties that can cause serious cash flow problems. Businesses that were thriving can quickly face financial distress.
The ATO’s continually-expanding resources and stricter enforcement approach mean more and more companies will come under the spotlight. The Chosen Accountant can connect you with payroll specialists focused on accuracy and timeliness, so you can avoid issues with the ATO and ensure your staff are paid the right amount at the right time.