Facing a Senate estimates hearing, ATO second commissioner Jeremy Hirschhorn said the agency conducts around 130,000 reviews of small businesses each year, before it issues amended assessments to 68,000 cases.
Read more at the Accountants Daily.
Tax Office refutes ‘willy nilly’ tax assessment claims
The Tax Office has defended its use of amended assessments in the small business space, despite noting that its auditors get “about 1,000” cases wrong each year.
