ATO Audit: Best tax lawyers for legal advice on tax audits

If you are dealing with an ATO audit, the best thing you can do is to get legal advice from a former ATO auditor.

The principal of King Lawyers, Navid King, is a former ATO tax auditor and ATO tax lawyer. He has successfully managed and resolved thousands of ATO audit cases. Therefore, he can use his extensive knowledge and ATO experience to achieve the best possible outcome for your ATO audit.

King Lawyers specialises in tax matters and deals with ATO tax audits Australia wide.

We are experts in dealing with ATO audits. We have acted for many taxpayers over the years and achieved excellent results for their tax audits.

To get the best result for your ATO audit, it is important and necessary that you get advice from King Lawyers from the very start of the ATO audit.

What is a tax audit?

A tax audit is a formal review and examination of your tax return or activity statement by the ATO.

The purpose of an ATO tax audit is to determine whether the tax documents you have lodged with the ATO are correct. The ATO’s auditor will check whether you have correctly complied with your tax obligations under the Australian tax laws and paid the correct amount of tax to the ATO.

ATO audit process

The Australian Taxation Office (ATO) has the legal power to review, investigate and audit your tax affairs.

The ATO will usually start with a preliminary review of your tax affairs. After that, if required, the ATO will conduct a comprehensive audit of your tax affairs.

If you have not paid the correct amount of tax to the ATO, you are looking at very heavy penalties under the Australian tax laws.

At the end of the ATO audit, the ATO will send you a tax bill for any tax shortfall identified by the ATO’s auditor plus additional penalties and interest charges that you will have to pay to the ATO.

ATO review letter

If the ATO wants to investigate your tax affairs, the ATO will usually start with a preliminary review.

If the preliminary review by the ATO identifies any issues or problems regarding your tax affairs, the ATO will then start a full audit to further investigate those tax issues.

The ATO review letter will notify you of the type of tax under review (e.g. income tax or GST) and the period under review (e.g. 2019 and 2020 financial years).

If you have received an ATO review letter, you should act quickly and get legal advice from King Lawyers.

It would be best for you to get legal advice before you or your accountant say anything to the ATO.

If you do the wrong thing, you are risking a full tax audit by the ATO. This can be very costly, stressful and time-consuming for you.

ATO audit letter

If you have received an ATO audit letter, you should contact King Lawyers immediately and get legal advice.

It would be best for you to get legal advice before you or your accountant say anything to the ATO.

If you do the wrong thing, you are risking heavy penalise by the ATO.

A tax audit by the ATO can be time-consuming, costly and stressful. Therefore, the sooner you can resolve and finalise the audit with the ATO, the better it will be for you.

ATO audit of individuals

The ATO has received increased funding from the Australian Government to increase the audit of individual taxpayers. In particular, the ATO will be targeting wealthy individuals with high income and significant assets.

King Lawyers has acted for many individuals who have been audited by the ATO.

If you are an individual under audit by the ATO, we can give you legal advice and representation to ensure that you achieve the best possible outcome for your tax audit.

ATO audit of small businesses

A small business is a business that has an annual turnover of up to $10 million.

King Lawyers has acted for many small businesses that have been audited by the ATO.

If your business is under audit by the ATO, we can give you legal advice and representation to ensure that you get the best possible result for your tax audit.

ATO audit penalties

The ATO has very high penalties for ATO audit matters.

The maximum ATO penalty for income tax and GST audit matters is 90% of the tax shortfall identified by the ATO.

In more serious cases, the ATO can also take criminal action against taxpayers and prosecute them for tax fraud or tax evasion. The maximum penalty for tax fraud in Australia is 10 years in jail.

To get the best possible outcome and minimise the ATO’s penalties, you should get legal advice from an expert tax audit lawyer.

Legal advice from King Lawyers on your ATO audit

We help our clients from all around Australia with ATO tax audits. You can contact us if you need a tax lawyer in Sydney, Melbourne, Brisbane, Perth, Adelaide, Hobart or Canberra.

To get legal advice from King Lawyers on your ATO audit, please contact us to arrange an initial conference with our experienced tax audit lawyers.

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