Our latest insights

Australia’s Country-by-Country (“CbC”) reporting regime has evolved significantly in recent years, reflecting a broader global shift towards tax transparency

The ATO’s GST Analytical Tool and data testing has been designed to achieve high assurance in GST governance.

Tax governance is crucial for all taxpayers. Understanding and implementing effective tax governance practices is key to managing tax risks and meeting ATO expectations.

Learn how to navigate Combined Assurance Reviews (CARs) and ensure GST compliance with insights on tax governance, voluntary disclosures, BAS preparation, and more. Our experienced team provides guidance to help you prepare for ATO scrutiny and maintain confidence in your tax affairs.

The ATO has been undertaking assurance reviews as part of its Tax Avoidance Taskforce since 2016. These reviews are designed to provide assurance to the Government and the business community that taxpayers are meeting their tax obligations.

There is never an ideal time for receiving an ATO review, and the time commitment (and possibly the costs) can be significant when a taxpayer is ill-prepared.

The ATO has recently released findings from its Next 5,000 reviews to date. The program is conducted by the ATO via its Streamlined Assurance Reviews (“SAR”). This framework generally involves a review of the group’s tax returns for the two most recent years lodged, and is focused on entities within the group with significant activities or transactions.