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Audits

ATO Crackdown! | Are You Declaring Foreign Income in Your Tax Return?

Have you been earning money overseas or have an overseas bank account that you deposit money into? Do you have assets or investments overseas? Have you been a bit naughty by “accidentally” omitting this income from your tax return? If so, this article applies to you. What is Foreign Income? In simple terms, foreign…

Audit Insurance Vs Accounting Insurance

ATO AUDIT COSTS ARE NOT ALWAYS COVERED IN ACCOUNTING INSURANCE Knox Taxation & Business Advisory, in Boronia, want to ask you some very important questions – 1. Have you checked your Accounting Insurance Policy lately? We know you’ll have received your Accounting Insurance Policy (or are about to) for the new Financial Year. Where you…

SMSF AUDITS – Advice from Knox Taxation and Business Advisory

Superannuation Charges – When is cheap really cheap? And no… it has nothing to do with chickens. It’s all about the fact that SMSF Auditors have come under scrutiny from the ATO. There’s always news a-plenty at Knox Taxation and Business Advisory, in Boronia. We scour the universe to ensure you know what’s going on,…