The ATO is currently focusing on the following 'specific risk areas', where it is concerned "small businesses are getting it wrong":

• Contractors omitting income — with a focus on data matching to ensure all income is reported.
• Quarterly to monthly BAS reporting for GST purposes — The ATO will move around 3,500 small businesses with a history of non-compliance to monthly reporting from 1 April 2025.

The ATO will also continue its focus on

• non-commercial business losses,
• small business capital gains tax ('CGT') concessions,
• business income that is not personal income,
• incorrect claims for 'small business boosts',
• GST registration and
• income of taxi, limousine and ride-sourcing services

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