A new law to stop companies transferring assets to avoid their liabilities could also have serious impacts for their advisers, with new civil penalties set to be imposed.
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Why documentation is vital with ATO audits
Smart, cohesive technology has triggered an increase in ATO tax audits in the past 12 months. Organised and accurate documentation is key to being prepared should an audit be requested.
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How to minimise the risk of a client audit
Client tax audits are costly in terms of stress, time, and money for all parties. Richard Puffe, Thomson Reuters Senior Product Manager, Tax & Accounting, ANZ, and fellow Product Manager…
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