ATO sets sights on private groups

As the ATO grows in size and its collection of data is becomes more sophisticated, Nathanael Lee of Mazars, expects more audits and reviews from the tax office.

Currently, it has a spotlight on private groups, including medium and emerging private groups with wealth over $5 million dollars. Nathanael explains an ATO review process and how to prepare for one if you’ve been approached for a review.

 

 

Published: 16/03/2022

Audio by Business Essentials Daily. For more Business Essentials Daily podcasts visit: https://bedaily.com.au/episodes/