myGovID to replace AUSkey

From the first of April 2020 the new myGovID will replace AUSkey and businesses will be required to use this myGovID to interact with the ATO. The first thing to note is that myGovID is not connected with the existing myGov system. The use of a similar name is confusing but the new system is an improvement on the clunky and outdated AUSkey. Security The two-step authentication used by myGovID…  Read more

ATO targeting what they call the “black economy”

The black economy refers to both dishonest and criminal activities that take place outside of, or involve misuse or abuse of, the tax and regulatory systems. Examples of black economy activities include: not declaring all income over-reporting deductions demanding (or paying for) work cash in hand to avoid obligations other illegal activities, such as illicit tobacco, sham contracting and ABN fraud. According to the ATO Assistant Commissioner Peter Holt, “The…  Read more

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