Audits are part of the compliance process of the Australian Government. We understand this process and will help you navigate the complexities of bureaucracy and terminology during this process in the event that your company is audited by AusIndustry and/or the Australian Taxation Office (ATO).
Swanson Reed has a formidable record of defending our client’s R&D tax incentive registrations at audit or review. We have a highly successful history with both AusIndustry reviews and ATO audits across a range of industries and our Audit Defence Advisory Service is what separates us from most other accounting firms.
We have successfully defended audits covering issues such as ‘on own behalf’, ‘guaranteed return to investors’ and ‘R&D tax incentive eligibility’ for our clients. We regularly manage AusIndustry compliance continuum reviews.
Swanson Reed specialises in advisory services relating to:
AusIndustry Compliance Continuum Reviews
Internal and External Reviews
ATO Risk Reviews and Audits
An audit can be a very stressful experience to all stakeholders.
A personal hands-on approach during the Audit
Forward Audit planning with TaxTrex – R&D tax claim and documentation software
AusIndustry undertakes periodic reviews of R&D activities and the documentation used to substantiate those activities. The below industry specific checklists contain some of the information AusIndustry may review or request in the event an activity assessment is undertaken.
The Administrative Appeals Tribunal was established in 1976 to provide independent merits review of administrative decisions.
The Tribunal reviews a range of administrative decisions made by Innovation Australia and the ATO.
The Administrative Appeals Tribunal proceedings is conducted with as little formality and technicality and with as much expedition and a proper consideration of the matters before the Tribunal as the legislation permits.
The Administrative Appeals Tribunal is not bound by rules of evidence and is able to inform itself in any manner it considers appropriate.
The Tribunal exercises powers in divisions which include, Innovation Australia IR&D Act eligibility Appeals, R&D Expenditure Appeals and other general taxation and administrative appeals.
Swanson Reed has experience in providing advisory services relating to the s39T/s30E external review of reviewable internal review decisions in the Administrative Appeals Tribunal.
Please contact us if you would like to discuss these specific advisory services further.