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  • September 30, 2015 at 4:59 am #992951
    Blahish
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    This is the second audit I have had in 5 years.
    who else has been audited for gst? and did you survive

    October 1, 2015 at 6:44 am #1188954
    Greg_M
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    I was, way back in the early days of GST. If memory serves me it was an industry based crackdown (construction) … I survived, did lose a bit of skin though :)

    Think I’ve been audited by about every authority that has the power to do it over the years … never cracked GST twice though, they must really like you.

    October 2, 2015 at 10:48 am #1188955
    Blahish
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    Gst once and super once

    October 5, 2015 at 10:39 pm #1188956
    Taxopia
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    Working with lots of micro businesses we regularly see GST mistakes. Some are actually under claiming. We had one last week where the bookkeeper had not claimed GST on the acquisition of a company car and the client obviously had no understanding of the process. Whilst the Mr tax service doesn’t generally review transaction level detail we happened to check that item when adding to the depreciation schedule. Sure enough $2500 GST credit under claimed. Nice to give people good news! At $800 per year for the company financial statements and tax return we just paid for 3 years fees. Happy days!

    October 5, 2015 at 10:44 pm #1188957
    Blahish
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    I had one of my accountants claimed that 50% of my sales incurred gst, which is totally incorrect for a bakery that mainly sells bread.
    I spend one weekend redoing 3 years of bas statements which resulted in a nice return of nearly $50k to me. Since that day I havnt had an accountant

    October 6, 2015 at 11:53 pm #1188958
    Blahish
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    I have just sent all the relevant documents to the ato,
    What happens next?

    October 7, 2015 at 5:36 am #1188959
    NickKaro
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    Generally you will either receive correspondence from the audit team requesting further documents or advising on the outcome of their audit. The audit team often provide a timeline at the beginning which you can refer to (however from experience this is generally a guide as things can run way over the expected timeframe).

    Regards
    Nick

    October 9, 2015 at 6:43 am #1188960
    Blahish
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    So I have hired a accountant who has asked for extra time. He has also warned me of the possibility of a full tax audit.

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