The ATO has designed and launched a new online tool to help businesses and tax agents determine whether a business is viable.
Once the tax agent or taxpayer has answered a series of questions, they will be provided with a report that will contain an overall viability assessment of their business based on the information they have provided, consisting of:
– a summary of key financials and business performance; and
– charts that provide a visual summary of the trends of key financial results generated by the business.
Editor: If, for any reason, you would like to discuss the above tool, please contact our office.
* * * Disclaimer: The information is sourced from NTAA. * * *
Many of the comments in this publication are general in nature and anyone intending to apply the information to practical circumstances should seek professional advice to independently verify their interpretation and the information’s applicability to their circumstances.
