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Small businesses being crushed by the tax office

Adele Ferguson |  08 April 2018  |  News

In dealing with the ATO, I’ve never come across such a mongrel bunch of bastards in my entire life.”

Mark Freeman’s troubles with the Australian Taxation Office began in mid-2011 with an audit of Blackwater Treatment Systems, a company he set up to develop technology that would turn waste into reusable water.

The company had won research and development grants from the government’s innovation arm, it was working in collaboration with the University of NSW and had third-party support from Standards Australia.

But the ATO decided the company wasn’t eligible for the grants and tax offsets and hit Freeman with a $250,000 tax bill.

 

 


Source articles

The SMH


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