ATO Review Assistance

Having the support of your tax agent during an ATO review is essential for ensuring a smooth and successful outcome. We assist in navigating complex tax laws, minimizing errors, and communicating effectively with the ATO on your behalf. From collating accurate documentation, to meeting deadlines and reducing your stress throughout the process. With us by your side, you can focus on your business while we confidently address any ATO concerns and minimize potential financial risks.

Expert ATO Review Assistance | Minimize Risks & Ensure Compliance with Professional Tax Support

The Australian government is increasing its investment in the ATO, allocating more resources to facilitate audits and reviews. This renewed focus on compliance means businesses are now more likely to be subject to an audit or review. The ATO is committed to working with businesses, but their priority remains ensuring that tax obligations are met.

Facing an audit can be stressful and overwhelming, particularly when it comesunexpectedly. With the ATO’s increased focus on tax risk reviews and other compliance programs, it’s essential for businesses to be proactive around ensuring reporting is accurate and that documentation is satisfactorily prepared for an ATO audit.

Tax Accountants Melbourne

Having worked on countless ATO reviews for clients, we understand what it takes to be prepared for a review:

  1. Develop and Maintain a Strong Tax Risk Management System – Implement a Board policy on tax risk, document procedures for tax administration, and keep your tax risk register up to date.

  2. Stay Informed About Industry- Specific Tax Issues – Monitor ATO announcements about key tax issues affecting specific industries to proactively manage risks;

  3. Review Unusual Business Activities – Carefully assess the tax implications of mergers, restructures, or expansions, and document all relevant actions; and

  4. Address Discrepancies Between Accounts and Tax Returns – Ensure any differences between financial accounts and tax returns are justified and reconciled to avoid ATO scrutiny.

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Our Accounting Services

“Need assistance preparing for an ATO Audit?”

We are specialists in supporting clients through ATO reviews reach out to us today for a coffee on us, and let’s discuss your specific requirements.

Our team of tax experts supports you through the entire audit process to ensure that all ATO requirements are met. Our services include:

  • Assisting with responding to ATO requests;
  • Conducting pre-governance reviews;
  • Conducting pre-governance reviews;
  • Drafting necessary documentation; and
  • Offering ongoing support through any ATO review or audit.

We also assist with drafting tax governance documents, upgrading existing systems, and providing the external reviews the ATO looks for during an audit. By partnering with us, you reduce risks for your Board and management, and navigate the complexities of ATO audits with confidence.

What makes MGI Dobbyn Carafa different?
Big firm capability...small firm relationships

Equipped with a team that has the experience and capabilities of a big firm, but maintaining our deep, personal connection is something we pride ourselves on. Our team are highly supported and we are conscious of wanting to keep our numbers small, but our value high.

est.
2006
Decades of expertise

We have a team of experienced professionals from a diverse range of backgrounds, highly qualified for every business need. Some of the qualifications our team possess include:

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Client Net Promoter Score®

We take great pride in our customer service and the deep relationships we have with our clients and we are humbled to learn that our clients feel the same way.

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Employee Net Promoter Score®

Much like client NPS®, we take great pride in our employee engagement and the deep relationships we have with our team as we support them on their professional journey.

Meet Our Tax Accountants

Frequently asked questions about Tax and Accounting

The ATO may conduct audits or reviews based on discrepancies between your tax return and financial statements, industry-specific risks, or unusual business activities such as mergers or expansions. It’s crucial to maintain accurate reporting and stay informed about the ATO’s focus areas.

To prepare, ensure your tax risk management system is up to date, maintain detailed documentation of all business activities, and regularly review any discrepancies between your financial accounts and tax returns. Staying proactive can minimize risks during an audit.

The duration of an ATO audit can vary depending on the complexity of your business and the issues being examined. It can take anywhere from a few weeks to several months.

Yes, if you disagree with the outcome of an ATO audit, you can lodge an objection to have the decision reviewed. Engaging a tax professional can be beneficial in managing this process and presenting a strong case.

Have we piqued your interest?

Let us buy you a coffee to discuss your requirements.