May 30, 2014 2:26 am
The ATO’s audit activity is on the rise with key areas including payroll tax and GST.
Regulators are looking for those who understate or avoid their payroll tax obligations. A few of the common problem areas are:
-miscalculating the payroll tax threshold
A business that has a GST refund due is likely to be audited. The trigger for a GST audit is often large or abnormal refunds, however, it can also be as simple as not reconciling the quarterly activity statements.
Categorised in: business