Earlier this month, Jack Colley (a Senior Associate of West Garbutt) presented the following paper which he co-authored with Alex Whitney (a Principal of West Garbutt), at The Tax Institute’s Agribusiness Intensive. The paper discusses the full lifecycle of a dispute – from risk and review to audit and objection, providing practical strategies for dealing with the ATO and effectively managing disputes. Link to paper. ...

West Garbutt have extensive expertise and experience in representing clients subject to a variety of revenue audits including Top 320 income tax audits, wealthy Australian income tax audits, GST audits, payroll tax audits and land tax audits. In the attached article, Lyndon Garbutt and Michael McLaughlin describe how best to guard against tax audit risk, summarising:
  • why high wealth individuals and private wealth groups have an increased exposure to the risk of income tax audits;
  • the potential costs of tax audits; and
  • strategies to help manage the risk associated with audits.