Buy Now Pay Later sector facing more regulation

Buy Now Pay Later sector facing more regulation

The Buy Now Pay Later (BNPL) market will soon be facing more regulation to bring it in line with other credit products. Late last year, the government released a consultation paper seeking views on options to regulate the Buy Now Pay Later (BNPL) market. The paper...
Medium and emerging private groups ATO program

Medium and emerging private groups ATO program

The ATO is continuing to run the medium and emerging private groups program, if you and your associates have “wealth” over $5m you could be targeted. The ATO runs many compliance programs targeting privately owned and wealthy groups, while the majority of the...
Tax Debts to Affect Your Credit Score

Tax Debts to Affect Your Credit Score

Tax debts could soon affect the credit scores of businesses, with the government’s introduction of draft legislation to allow ATO to share debt details of businesses to credit rating agencies. The proposal only applies to businesses that meet certain conditions and...