Home
/
Posts
/
News
/
ATO circles privately owned and wealthy groups as audits heat up

ATO circles privately owned and wealthy groups as audits heat up

The Tax Office is expected to ramp up audits and target Australia’s largest and most successful businesses in a bid to claw back a $772 million tax gap, says one law firm.

by Shared by AccountantsDaily | 10 Mar, 2021

ATO extends deadline for reviewing market-linked pensions

Jonathan Ortner, a partner at law firm Arnold Bloch Leibler, has warned practitioners to prepare for the ATO to ramp up its auditing efforts, particularly of larger companies, after compliance activities were deferred at the height of COVID-19.