PRIMAL ACCOUNTING BUSINESS SOLUTIONS

The study shows that in Australia there are approximately 2.7 million micrso businesses. These 2.7 million micro businesses account for almost two-third of the tax debt the country has at any point of time. That's why tax compliance in micro business sector is an important issue. It is very evident from the study is a tax debt from micro business sector alone amounts a huge money. Not surprisingly, the Australian Taxation Office has made a specific mention to the micro business sector in its tax compliance program. The study used a web based survey to generate the results. The study was conducted in 2010 to collect reports. The reports were taken from a database of all micro businesses across all territories and states that were advertised on the Internet. The results were shocking; it showed that the average cost of complying all taxes was almost $28000. It reported a significant rise in both real dollars and relative terms. To explain some parts of increasing in the compliance cost,..

Also known as: Primal Accounting & Business Solutions Pty Ltd, Primal Accounting Business Solutions Pty.

Primary location: Adelaide Australia