The Australian Taxation Office focuses on data matching to ensure taxpayers return all of their income and claim offsets they are entitled to. Data matching is also used to identify businesses who are suspected of not returning income or not meeting their pay as you go withholding and superannuation obligations. Each year the ATO cross references information reported in income tax returns against at least 500 million transactions reported by other parties. For peace of mind ensure you have supplied the ATO with all appropriate information, contact Bruce at Southern Star Accounting to be confident you have met your reporting obligations.
The Australian Taxation Office focuses on data matching to ensure taxpayers return all of their income and claim offsets they are entitled to. Data matching is also used to identify businesses who are suspected of not returning income or not meeting their pay as you go withholding and superannuation obligations. Each year the ATO cross references information reported in income tax returns against at least 500 million transactions reported by other parties. For peace of mind ensure you have supplied the ATO with all appropriate information, contact Bruce at Southern Star Accounting to be confident you have met your reporting obligations.
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