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Btw it's not just the ATO which can audit you. I got a little behind in my paperwork for employees, then got audited by Fair Work Australia. Because I hadn't lodged paperwork for employees, I was underpaying them. I ended up having to back pay employees 6 months penalty rates- $20k. There were...

Hiding sales is a double edged sword. If you want to sell the business you want good sales, preferably showing in the books. The business price depends on the profit. If you are hiding sales you are potentially lowering the sale price of the business. Sure, you can tell a purchaser that...