Tax Accountants Gold Coast

We'll Help You Audit Your Personal Taxes

The Australian Tax Office (ATO) can be vigilant during a tax audit, and complying with the ATO’s requests can take up your valuable time. Many of our clients find the tax audit process to be extremely arduous and frustrating. Yet unfortunately, for many Australians, it’s a necessary part of the government’s tax process.

When revenue agencies conduct tax audits, taxpayers can benefit immensely from having tax representation to stand for their interests.

Tax audits can involve time-intensive processes, such as examinations of your transactions and other documents to investigate all sorts of tax issues, such as:

Unreported or underreported income,
Unexplained wealth,
Sales of major assets,
Company transactions,
Trust transactions, and
Tax credit claims.

How can a tax audit help you?

Tax representation with a trusted professional can ensure your interests are upheld throughout this complicated – and often tedious – process. We can manage the end-to-end tax audit process, working with the ATO on your behalf. Throughout the process, we’ll ensure that any information given will satisfy the ATO’s requirements.

We can also work to better understand what the ATO wants. Whether you’re involved in a personal tax audit or a business tax audit, our goal is to help you navigate through the process as quickly as possible. We aim to minimise the disruption to your personal life or business by providing accurate, up-to-date information and all required records to ensure a speedy conclusion of your audit.

Contact our accountant team

To learn more, please read on or contact us to learn more about our tax audit services and how they can benefit you or your business.

Tax Accountant Services

Navigating your way through a tax audit can be stressful and extremely time-consuming. Our tax audit services can help you:

Manage a tax audit and work through it quickly,
Manage tax audits for your SMSF, your trust, or your business,
Organise tax audit insurance to assist individuals to cover the cost of fees if needed,
Liaise with the ATO and understand exactly what is needed and when,
Provide clarity on the tax audit process so you always know what to expect,
Ensure your record-keeping and documentation are correct and up-to-date,
Ensure transactions and records are kept in a way that will satisfy the ATO’s requirements, streamlining the tax audit process,
Understand the consequences of non-compliance, and
Negotiate with the ATO for the best outcome.

The ATO has stringent requirements when it comes to tax audits. While tax audits are important and necessary, they can also be highly disruptive. Tax audits can cause unnecessary anguish and frustration – but this doesn’t need to be the case.

Proper tax planning and meticulous record-keeping can ensure that, when the ATO does come calling, you’re prepared. Our team can also help you prepare for tax time to reduce the impact of tax audits and ensure that you’ll always have your records and documentation up to date.

Need assistance with a personal tax audit? Or perhaps your business needs assistance with tax audits? Either way, don’t waste any time. Contact our team to learn more about our tax representation services today.

How does an audit from the ATO work?

If you’ve been contacted by the ATO and notified that you will your tax history will be audited, you will:

have a phone call to arrange a meeting time with the ATO
receive a follow up with written confirmation and a meeting agenda outlining key issues that will be discussed.

For help preparing for this meeting and your audit, please contact us.

Why are my taxes being audited?

The ATO undertakes audits of businesses and high net worth individuals to ensure compliance with the Australian tax laws. There are many things that may alert the ATO, and encourage audits, such as:

Skewed data in business income (low or high)
Indications that all income isn’t being declared
Having a lifestyle or assets that may not match declared incomes
Repeated late submissions on tax returns and obligations

For more information, please contact our friendly tax audit team for an obligation-free discussion.

Book an obligation-free consultation here.

(07) 5593 6060

Book Now

What Our Clients Say

Chris and the team have offered constant and ongoing advice and support as we’ve faced the challenges of a fast-growing business. QC Accountants have been able to keep up with us and guide us each step of the way. QC’s highly experienced and friendly staff have a deep understanding of our business’s unique needs and are an absolute pleasure to work with. I’d recommend QC to anyone as they’ve always been there offering excellent support whenever needed.

When purchasing our business Chris from QC Accountants provided a comprehensive due diligence report and this report was crucial in understanding the business we were purchasing. We then used this information to negotiate the purchase price. He also assisted with providing documentation to the bank to help secure our business loan. The past 18 months during COVID have been challenging, Chris’s ongoing support, help and advice has been priceless during this difficult period. QC Accountants took the stress away when applying for Job Keeper, cash-flow boost and Government grants. AC Fitouts is extremely happy with Chris and the team at QC Accountants. They are wonderful to work with and I would highly recommend their services. They are professional, knowledgeable, reliable and friendly.

QC Accountants has been of great assistance to my business in setting up and implementing an efficient accounting system which has permitted strategic decision making surrounding marketing, service expansion and investments. They have great communication, a friendly and down to earth team, and are transparent and always willing to assist or provide advice when needed. QC has an array of services which were tailored to our individual business needs, not to mention competitive pricing.

QC Accountants have been instrumental in the growth and streamlining of my business. They have assisted me with tax grants that I would have otherwise not known about or been unable to complete alone. The team at QCA are very responsive, friendly and patient. If I have a problem or question, they are onto it right away. I would recommend them to everyone because they are an honest and local business that you can trust.

QC Accountants were a shoulder to lean on in our early days, helping and guiding our business to meet all our regulatory and financial obligations. They kept their steady hand on the tiller, playing the role of Chief Financial Officer, from financial modelling, budgeting, bookkeeping, financial accounts preparation, board management accounts, liaising with our auditors - nothing was too much. This allowed us to focus on growing our business with their financial input which was invaluable! Their accessibility, their willingness to listen to our particular needs and coming up with a solution is first class. For any business out there that doesn't have the ability to have a dedicated Financial Director then appoint QC Accountants. They will get the job done and give you back the time to focus on what is important to you and your business.

QC Accountants have been a great foundation of knowledge and support for us as new business owners. I'm able to call or email anytime with the same day turnaround and there is always someone on hand to help navigate any issues within the business. There is never a problem too big or small! I would recommend QC Accountants because they are relatable, reliable and efficient. As a new business owner learning the ropes, it is really nice to be able to call and have someone teach me the process in how they solved an issue so I can learn along the way. I've always felt like there are no silly questions and we are all part of a team.