Tax Audit

Would You be a Target of a Tax Audit?

October 12, 2023
Tax Audits | ATO | Accountant | Bayswater

Tax Audits Although tax audits have traditionally been targeted at the wealthy and big businesses, this has changed in recent years. ATO and other government agencies are increasingly focusing on small to medium businesses and individuals, especially those who own rental properties, operate trusts, and/or have Self Managed Super Funds. If the tax office calls, …

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Tax Audit Red Flags

March 22, 2023
Tax Audit Red Flags | Accountant | Bayswater

ATO – Tax Audits Tax audits have increased markedly over the past financial year, with the Australian Taxation Office (ATO) inspecting business transactions across the board. With its enhanced data matching software, the ATO also takes advantage of the latest technological developments. When processing tax returns, the ATO can cross-reference declared data with records collected …

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