The complexity of Australian taxation law means that it makes sense to take a proactive approach to reducing tax risks. While the Australian taxation system largely relies on self assessment and voluntary compliance, the Australian Taxation Office has increased its audit activity in recent years.
The PKF Tax auditing team can help you navigate both domestic and international taxation laws to identify any compliance issues faced by your specific business. We’ll reduce your risk of non-compliance, help prepare your business for a potential ATO audit and, in the event of an audit, liaise on your behalf. Engaging PKF Australia’s expert advisers to deal with ATO audit activity can reduce time, stress and costs.
By drawing on the experience of our team, compliance risks can be identified and resolved early. We can serve your business in many ways:
- undertake a tax risk assessment
- ensure your documentation and record keeping is adequate, particularly in relation to transactions subject to ATO audit scrutiny
- deal with the ATO on your behalf during an audit
- manage the audit process
- negotiate the best solution for your business in the event of an audit.
Using our Australian tax system expertise to assist with preparation in this area allows peace of mind, whether or not your business is audited.