The Australian Treasury has launched a public consultation on allowing small and medium businesses four years to self-amend tax assessments. The deadline for comments is 9 August 2024. --- Allowing small and medium businesses four years to self-amend tax assessments In the 2023-24 Budget, the government announced the small business package 'Driving Collaboration with Small Business to Reduce the Time Spent Complying with Tax Obligations'. This package would deliver reforms to cut paperwork and reduce the time small businesses spend doing taxes. Treasury is seeking views from interested parties on the draft legislative amendments and explanatory materials to implement one...