There has been a noticeable increase in Federal and State based revenue office’s audit activity.
Payroll tax audits are on the rise and the incidence of ATO Superannuation Guarantee reviews and audits continues to increase with a common theme in the claims being that they are often being instigated by disgruntled employees and contractors ‘dobbing in’ the employer to the ATO for unpaid superannuation entitlements.
The Fair Work Ombudsman continues to ramp up their audit campaigns against employers not paying the correct wages and entitlements to employees in a number of industries translating to an increase in these claims.
We highly recommend that you consider audit insurance coverage for your business.
Source: Accountancy Insurance Issue 16
Mark has helped us immensely to understand our financial position, these guys are not just tax agents, they fully understand all aspects of business.
Daniel and his team at Tactica Partners have been taking care of me, my family and my company's accounting needs and I highly recommend him and the team. They've made getting tax done so easy and Daniel is an amazing accountant and extremely thorough and helpful.
…very professional, well prepared and organised. They have given us great business and personal tax advice, offered us good business insights, and more general personal planning advice too.
They continually deliver on all aspects of their service offering. …..we appreciate the substantial assistance they have provided in managing our bookkeeping function and providing proactive tax and accounting advice. We value their ongoing input in helping us strive for continual improvement on our reporting processes and delivery of timely information to our US office.
At last! An accountant who has "not" had a totally successful charisma bypass operation! Sensible and knowledgeable advice. Excellent!
Mark H and Helen have given us wonderful support for our family and business accounting for several years now. When I got my first invoice I grumbled……. not now. We can see the savings and feel the security for ourselves.