Bag sack of money

Dodgy POS systems could lead to $1m fine

There are now massive fines for businesses which possess or use electronic sales suppression tools that manipulate data, and the ATO suspects some businesses may have inadvertently purchased dodgy software.

Taxpayers can cop a $1 million fine, which is about 5000 penalty units, if they’re found to be using these illegal services to intentionally falsify sales figures.

Read the full article at My Business.

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