News and Media

You can still be audited despite a truthful and comprehensive declaration

The Inspector-General of Taxation’s Review into the ATO’s use of benchmarking to target the cash economy report found that of the completed 7,600 correspondence audit cases, nearly 6,000 were found to be compliant or of low risk. This means that approximately 75% of these audit cases were still liable for the substantial professional costs associated with ATO and other government agency audits, enquiries, investigations and reviews, regardless of the outcome.

To read the Review into the ATO’s use of benchmarking to target the cash economy in its entirety, please click here.

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ATO plans crackdown on super-dodging micro employers

20th February, 2012

ATO plans crackdown on super-dodging micro employers
Startupsmart

http://www.startupsmart.com.au/tax/ato-plans-crackdown-on-super-dodging-micro-employers/201202205435.html

ATO to target super compliance defaulters

10th February, 2012

ATO to target super compliance defaulters
The Sydney Morning Herald

http://www.smh.com.au/business/ato-to-target-super-compliance-defaulters-20120219-1th6v.html

ATO investigations targeting super-wealthy reaps $1bn in 10 years

17th January, 2012

ATO investigations targeting super-wealthy reaps $1bn in 10 years
The Australian

http://www.theaustralian.com.au/business/wealth/ato-investigations-targeting-super-wealthy-reaps-1bn-in-10-years/story-e6frgac6-1226244890588

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