While we make every effort to prepare your financial accounts and tax returns as accurately as possible, just as you do for those you prepare, neither of us can prevent the Australian Taxation Office (ATO) or other government revenue authorities from randomly instigating audits on you or your business. When an audit occurs, it is often due to a specific crackdown using various data matching or other artificial intelligence sources. These methods have proven to be highly effective, and there are no indications that the ATO or other government revenue authorities will ease up on their efforts.

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We have recently teamed up with Accountancy Insurance, a very reputable provider of tax audit insurance in Australia, to offer our clients an opportunity to participate in our new Audit Shield service.

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Success in business can take on multiple meanings. | Success could mean selling a certain number of products, expanding your business by opening a second store, or even reaching a revenue of $400k each year.

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Data sharing continues to become more sophisticated each year

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Your guide to completing your Taxable Payments Annual Report (TPAR)

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