If you operate a ‘private group’ (a group of entities under the control of an individual and their associates), you can expect to be contacted more regularly by the ATO as part of their Top 500 private groups tax compliance program.
An expansion of the previous Top 320 program, the new Top 500 private groups program places an increased focus on medium and emerging private groups. The program is designed to provide greater transparency and certainty, making it easier to maintain compliance.
If your private group is included as one of the ATO’s Top 500, you can expect regular contact from the ATO that has been specifically tailored, such as a one-to-one engagement strategy. Find out more on the ATO website, or contact a member of our team if you believe you may be affected.