Every year, thousands of individuals and small businesses are audited by the ATO, and many find themselves in a dispute over the amount of taxes owed.
The beginning an audit is an important stage that sets the tone for the rest of the process. During this stage, you will be introduced to the auditor who…
If you have been or are unable to meet your tax obligations on time, being proactive and setting up a payment plan with the ATO can be one of your best options. If you ignore it instead, the ATO may enforce action against you to recover the debt and this comes along with a high…
Employers may face a 200% penalty rate + interest for late or unfulfilled superannuation contributions. Although this has been the case for years, the ATO previously had adopted a lenient and forgiving approach. In many cases, where the employer had fulfilled the required contribution past the due date, they walked away with a small 5%…
You would not be alone if you find the tax auditing process, at first glance, to seem wildly complicated and daunting. Things may seem even worse if you end up needing to dispute the results. However, having an understanding of how the ATO audit process and disputes operate, and adopting a strategy based on this,…
