The secret is having a professional manage the process so that the interruption and impact to your business is minimal.
At Charts Partners, we have a process to manage ATO reviews/audits that involves:
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Determining what triggered the review/audit.
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Determining the type and extent of the review/audit.
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In light of these determinations, developing an audit strategy including whether a voluntary disclosure should be made.
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Reviewing the records to support a response to the ATO.
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Preparing and examining the most appropriate response to the ATO queries.
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If an interview is to be held, preparing for the interview.
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Controlling the conduct of the interview.
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Controlling the flow of information to the ATO.
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Preparing the response to an ATO position paper.
If an amended assessment issues, it is then necessary to implement a
dispute resolution process.
Contact the team at Charts to work out the best course of action for you by calling 07 3229 7388.