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Posts by Adi Snir:
The State of Tax Audits in Australia
JOIN US FOR OUR NEXT EVENT! Data democratisation and the ATO. Exploring the data gaps, government subsidies, and the TaxPayers charter for FY21 reporting. About this event Part 3 will explore how ATO pre-fill data impacts on rights and obligations for taxpayers in FY21, including reporting JobKeeper, JobMaker, and COVID-19 relief payments and how it […]
Claims-made verse Occurrence-based terms
This review drills down to the very understanding of claims-made & occurrence-based insurance policies. The following insurance classes are often claims-made, as opposed to occurrence-based insurance policies. Tax Audit Insurance Professional Indemnity Directors & Officers Liability Employment Practices Liability Management Liability *The crucial impact & indeed importance of the variance in the cover provided (under […]
ATO Target Areas: Before, During, and After COVID-19
As we expected, the Australian Tax Office (ATO) is poised to double down its debt recovery and audit activity efforts. Slowly but surely, it is lifting self-imposed restraints that gave Australians temporary relief in 2020. Here, I take a look at the ATO target areas in 2020 and how they could expand, shift and evolve […]
ATO Audit: How to navigate the process
When the Australian Tax Office (ATO) plans to review or audit your tax return, it will also notify your accountant. Your accountant will then serve as your guide in managing the process from start to finish. So what happens next, and how should you respond to an ATO audit? Are there limits to the kinds […]
How Do ATO Tax Audits in Australia Work?
The ATO is planning on restarting its tax audit activities in October according to a recent parliamentary commission. […]
ATO targets JobKeeper and restarts tax audits in October
The ATO is planning on restarting its tax audit activities in October according to a recent parliamentary commission. […]
What is tax audit insurance, and what should I look for when choosing a provider?
Accountants around Australia will have come across numerous tax audit insurance providers in their time running a practice. Policies that are backed by larger insurance companies may present more prudent partnership opportunities, whereas those without may be riskier for the accountant. How ATO Is Tackling The Problem As an accountant, it makes sense to offer […]
