Our Tax Experts place a big emphasis on protecting our clients from Tax Audit Risk, understanding you may not be aware you are even at risk.
Attitudes to tax are changing and tax decisions are under scrutiny like never before. Organisations, from middle market to multinationals, are becoming increasingly exposed to changing tax regulation — not just locally but globally.
Technology has put significant power in the hands of the Australian Taxation Office and State Regulators, who actively investigate companies for tax compliance.
At Azure Group we place a big emphasis on protecting our clients from tax audit risk, knowing you may not be aware you are even at risk.
We will actively work with you to implement:
Tax Risk management strategies
Industry benchmarking
Reviews and where necessary tax audits to identify exposure
Liaison with the ATO or regulatory bodies on your behalf
Likely Tax Risks that we protect clients from include:
Operational - day-to-day risks such as making incorrect tax withholding's
Financial Accounting – in disclosing tax assets and provisions for tax payable
Personal – to directors for such things as unremitted PAYG, superannuation or GST
Compliance – such as inadequate tax return disclosures
Transaction – potential taxes arising from such things as asset sales
