| PAYG instalments is a
system for paying amounts towards your expected end of year
income tax liability. The tax office often conducts PAYG Audits
to ensure that taxpayers are compliant with their legal
obligations and are conducting their business fairly within the
tax system.
We have included some brief information below about PAYG and
PAYG Audits.
For more detailed or specific information regarding PAYG
Audits complete
and submit the Express Enquiry form on the top right hand side
of this page and we will contact you to discuss your enquiry
or call us on 1300 QUINNS (1300 784 667) to arrange an
appointment.
Micro-businesses
This year the ATO will review approximately 3,700 cases where
information reported against various employment benefit is
inconsistent. For example: Where an employer is registered under
a work's compensation scheme but is not registered for PAYG
withholding.
To improve compliance with superannuation obligations, this year
the ATO is:
- Following up all employees' claims that their employers have not
offered them choice of superannuation fund or are not making
superannuation payments on their behalf; and
- Auditing employers identified as being at high risk of not
complying.
Small-medium Size Enterprises
This year the ATO will review approximately 440 cases where
information reported against various employment obligations is
inconsistent, for example:
- Where amounts claimed as credits by employees in their tax
returns do not match the amounts reported by employers; or
- Where an employer is registered under a workers' compensation
scheme but is not registered for PAYG withholding.
The ATO will also review approximately 3,000 PAYG withholding
cases where the ATO finds discrepancies between activity
statements and payment summary statements.
Large Businesses
This year the ATO will review around 20 cases of inconsistent
reporting by large employers.
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Our dedicated team can assist you with all your auditing
needs.
Complete
and submit the Express Enquiry form on the top right hand side
of this page and we will contact you to discuss your enquiry
or call us on 1300 QUINNS (1300 784 667) or on +61 2 9223
9166 to arrange an
appointment. |
