David Maida CA, FTI, NTAAF, Director of Renaissance Financial provides businesses with professional guidance in managing and navigating Australian Taxation Office (ATO) reviews and audits. With extensive expertise and experience in Australian tax law and ATO audit procedures, he helps clients manage audit risks, respond effectively to audit requests, and ensure compliance while minimising potential exposure.

Business Audit & Audit Management Services

1. Pre ATO Audit Support & Audit Prevention Strategies

• ATO Audit Risk Assessment – Reviewing accounting and tax records to identify potential red flags before an audit occurs.
• Income Tax & Deduction Review – Ensuring all income declared and deductions claimed comply with ATO guidelines.
• Tax Return Amendments – Helping clients prepare and lodge amendments to tax returns to correct past tax mistakes before a review or audit occurs.

2. ATO Audit Support & Management

• Audit Preparation & Documentation – Assisting clients in gathering, organising, and presenting required records to ATO.
• Direct Liaison with the ATO – Communicating with ATO officers on behalf of clients to ensure a smooth audit process.
• Negotiation & Resolution – Liaising with ATO to remit interest, penalties and obtain payment plans.

3. Business Tax Audit Services

• Business Income and Expense Audits – Assisting with ATO reviews and audits of business income declared and business expenses claimed.
• GST Audits – Assisting with ATO reviews and audits of GST declared on income and GST claimed on expenses.
• FBT Audits – Assisting with ATO reviews and audits of non cash benefits provided to employees.
• Excise Duty Audits – Assisting with ATO reviews and audits regarding all aspects of excise duty for alcohol manufacturers.

4. Other Business Tax Dispute Resolution Services

• Objection Preparation & Lodgement – Preparation and lodgement of objections with ATO to tax assessments and other ATO decisions taxpayers disagree with.
• Interest & Penalty Remission Applications – Preparing and lodging applications and liaising with ATO to seek full or partial remission of interest or penalties imposed.

With a proactive and strategic approach, David Maida and the Renaissance Financial team provide professional audit management services to help businesses avoid penalties, navigate ATO audits, and maintain full compliance with Australian tax laws. When facing a routine audit, David ensures that clients receive professional representation, clear guidance, and a tailored approach to protect their well-being.