ATO’s new Business Viability Assessment Tool
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.
If, for any reason, you would like to discuss the above tool, please contact our office.