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Tax watchdog sheds light into ATO covert audits

Tax watchdog sheds light into ATO covert audits

Covert audits by the ATO may be more common than you think, says the Inspector-General of Taxation. Here’s how to spot one, and how the tax watchdog can help.

by Shared by Accountants Daily | 23 Nov, 2020

ASIC accuses banks of dragging feet on fees-for-no-service response

Inspector-General of Taxation Karen Payne believes the secret and protracted nature of covert audits could potentially blindside tax professionals and their clients, leaving them wondering why the ATO might be adopting a particular stance towards them.