Good morning,
I am hoping someone can provide me with some insight into the following.
In late 2022, I had a falling out with my then business partner who managed the IT side of the business and as a result he restricted my access to the systems which contained the sales information, required to lodge tax returns, and subsequently resigned.
Whilst I have access to the bank account statements, I was never provided with any insight into the PayPal account. I need to lodge tax returns for the business but I am concerned that the income would be understated as it does not include the PayPal transactions and that the ATO will then hold me responsible for misreporting.
Is anyone aware whether PayPal can provide statements directly to the Tax Office?
Many thanks in advance.
