It is obvious through this article and a number of others I have been reading lately that the Government is making a concerted effort to close loopholes on tax compliance, among other things.
If you are audited to ensure you are paying all taxes dues, what recording and reporting systems do you have in place so that this can be done quickly and with very little disruption to your workplace?
If all your reports are paper based and you get audited, how many billable hours will you lose putting together the data required for the audit?
An audit like this can very quickly turn into a double edged sword - you lose money collating your data because you cannot do your job and you lose money if your current recording system is so messy that you cannot prove you are paying the appropriate amount of tax.
Consider a Total Compliance Solution system - it is not a "one size fits all" solution but a tailor made alternative - call us - we can help.
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