Tax Audit
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, …
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 …