Public Accountant/Tax Agent
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The ATO have started their audits on Compliance. They will be
making random visits to check on various compliance issues.
The main audit is on Payroll. The auditor will check for
monies not declared as wages. That the compulsory
superannuation has been paid at the correct rate by the due
dates. That the super fund is a complying super fund. That
super has been paid for contract workers who are deemed
employees (contract workers who supply labour). Has a record of the Payroll been kept, have the employees been given a proper pay slip and have they completed a TFN Declaration. The auditor will also check for private use of Company assets. These are mainly vehicles, has a log book been kept, is the private use recorded correctly. This is not a Work Cover Audit - Work Cover do their own audits. |
email: rosemarie@rosemarieking.com