ATO 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.

by | 13 Dec, 2018

ASIC funding model an 'unnecessary burden' on liquidators

“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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