Pay As You Go (PAYG) Audits

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.

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.