MGS Private advises on payroll tax audits, objections, and appeals in New South Wales (NSW):
- Payroll Tax Audits:
- Purpose: Revenue NSW conducts audits to ensure businesses are paying the correct amount of payroll tax.
- Selection Criteria:
- Data matching programs identify risks or errors in payroll tax returns.
- Audits are based on research, risk profiling, information sharing with other government agencies, and tip-offs.
- Common reasons for selection include undeclared or incorrect grouping, incorrect contractor exemptions, understated fringe benefits, superannuation payments, shares, and options.
- Process:
- An auditor contacts you to discuss the audit scope, tax years under review, and information requirements.
- You receive a formal Notice of Investigation and a Payroll Tax Questionnaire.
- Meetings may be set up to clarify information and discuss issues.
- Objections and Appeals:
- Lodging an Objection:
- If dissatisfied with an assessment or decision, you can lodge a formal objection in writing within 60 days.
- Independent staff review objections.
- Further Review Options:
- If still dissatisfied, seek external review through the NSW Civil and Administrative Tribunal (NCAT) or the NSW Supreme Court.
Remember, understanding your rights during payroll tax audits and the objection process is crucial. Seek professional advice if needed! Contact MGS Private for assistance.
