Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
READ MOREATO opens up on what triggers an audit
Being audited is a dread or even fear common to virtually all businesses and taxpayers alike. My Business asked the ATO to reveal what red flags usually trigger an audit, and whether the self-employed are more likely to be audited.
“The ATO uses a range of tools and techniques to identify taxpayers that may warrant closer scrutiny. Reviews and audits are selected based on our assessment of the level of risk,” a spokesperson said.
Read more at MyBusiness.
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Government proposes measures to provide certainty for small business
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