
Insight Accounting Pty Ltd is a CPA Practice
Beaconsfield (03) 9707 0555
Cranbourne (03) 5995 2700
Pakenham (03) 5940 4555
Warragul (03) 5622 1793
– 7 million income tax returns lodged
– 2% of tax liabilities were paid on time
– 1,400 taxpayers (individuals and companies) were prosecuted for income tax matters
– 96 million transactions were available for pre-filling
– more than 650 million transactions were reported by third parties for data matching purposes
– 450,000 reviews and audits resulted in over $1.1 billion additional income tax
– more than 26,000 small businesses were reviewed, raising $910 million
– more than 9,400 compliance activities on privately owned and wealthy groups, raising over $2.1 billion in tax liabilities