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The Accounting Division is the engine room of our organisation. We process client information to produce financial statements and tax returns, as well as provide taxation advice. The Australian Taxation Office (ATO) has become far more pro-active in tracking down abuses of the taxation system. The reality is that many innocent taxpayers are becoming entangled in the ATO crackdown and it is proving to be a costly exercise for them to “prove their innocence”.
We can assist you by reducing your chances of being targeted for an ATO audit. Whilst the ATO will always conduct a number of truly random audits, they prefer to target specific industries that the ATO considers are at a greater risk of rorting the system. Secondly, where a taxpayer has been subject to an ATO audit and where the accounting records have been poorly compiled or maintained, the ATO has then targeted other clients of that firm.
Understanding how an ATO audit works assists us in helping the most important person – you. Our compliance procedures ensure that our files are maintained with very detailed work-papers. We believe that any ATO queries should be dealt with as quickly and efficiently as possible. Further, because of our detailed files we do not envisage any fallout for our other clients because of our work methods.
Our accounting department strives for excellence through an intensive schedule of client commitments and an on-going commitment to staff training. Training is, of course, fundamental for success in any constantly changing environment.
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