The ATO has released two important communications recently that affect larger businesses and their approach to Streamlined Assurance Review's.
An unprecedented number of large & high profile businesses were caught out in 2019 for underpaying staff, and we’re not just talking about the hospitality industry.
With the increased use of technology, and increased scrutiny of large business by the tax authorities, indirect tax processes are no longer just a tax process, they are an essential part of your overall business.
We’ve provided a succinct summary of the 2020 audit focus area’s across the various indirect taxes and jurisdictions that your organisation should be aware of.
The ATO is continuing to focus on the tax governance processes of large businesses during audits and the reason is simple; its actively considering taxpayers ability to comply in future, not only the past.