Insight Accounting Pty Ltd is a CPA Practice

Beaconsfield (03) 9707 0555

Cranbourne (03) 5995 2700

Pakenham (03) 5940 4555

Warragul (03) 5622 1793

Cost of tax affairs increasing – October 2014

Tax Office says the cost of managing tax affairs has increased – October 2014

Every year, the Tax Office issues a comprehensive statistical report based on the most complete set of data at its disposal. Its most recent Taxation Statistics is compiled from tax return information from 2009-10 as well as FBT, GST and activity statement data from the 2011-12 year.  One item of data listed in Taxation Statistics, the cost of managing tax affairs, is taken directly from the label on the individual tax return form. This label records expenses relating to preparing and lodging tax returns for taxpayers, and includes expenses such as tax agent fees and interest charges imposed by the Tax Office. The Tax Office’s statistical report shows that the cost of managing tax affairs increased by around 16% from 2009-10 to 2011-12.

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Insight Accounting Pty Ltd is a CPA Practice

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