Business owners are advised to take extra security precautions in the lead up to the end of financial year, as cybercriminals are increasingly targeting businesses with email scams.

Businesses may also face extra steps to receive GST refunds as extra controls are put in place to combat a growing number of GST refund fraud attempts.

To prevent people from lodging fraudulent claims, the ATO has also engaged tighter controls around ABN and GST registration.

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