Taxes are a constant topic of discussion. It seems like the rich know all these strategies to minimise their taxes. They pay these fancy accountants and lawyers. They know the loopholes. You can know how the tax laws work and get access to the same information as everyone else.
The ATO or the state revenue office audit and review small businesses all the time. Why don’t they target the rich? Or the big companies? They say they do but when you are dealing with the ATO it doesn’t feel like it sometimes. Not when you are a small business owner, struggling to grow your business, and being hit with an audit or review and told you need to pay.
The tax law is the same for all Australians. The only difference is access to quality information and knowing your rights.
Feel that sense of confidence from knowing your taxes are correct and comply with the law.
Free information on Australian tax law:
The very words ‘tax audit’ strike fear into many people. But audits aren’t always a bad thing. In fact, sometimes they can work in your favour. To illustrate this, here’s some real life success stories: A client was audited for GST. After some back and forth with the tax office, it turned out they had […]
It’s a phone call many of us dread. The ATO is on the line informing you they’ve decided to audit you. The panic sets in and you lose all sense of rational thought. But just stop and breathe. The chances you’ve done something truly wrong are minimal. Even if you have made a mistake, the […]