In our work we have found that the reviewing of pricing methods and strategies provide the quickest improvement to the profitability of a business. Many businesses are unknowingly giving away profit.
As each year passes the ATO is becoming increasingly aggressive with their audit activity. In the past few years our office has seen more tax office audits than the last 20 combined. It is generally accepted in the “tax” industry that this trend will only grow as the ATO’s IT systems continue to become more sophisticated and able to target industries and taxpayers for audit attention.
Welcome to the LSH Accounting blog! Keep an eye out as we post updates from our team and useful tips that will help you and your business.