You’ve got a dreaded audit letter from the ATO. Are you going straight to prison? Let me, an accountant, explain what happens when you get audited.
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📖 Chapters
0:00 What Starts the Audit Process?
1:06 Why are you being Audited?
3:20 What to do if you are being Audited?
5:01 What happens if you FAIL the Audit?
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Ethan 'Rooshock' (Rucioch) is an Australian business owner in his late 20's. He is the owner and director of Rooshock Accounting, an accounting firm. He is also the creator of an NFT project, Rooshocks. In his spare time, he enjoys travelling, spending time with his family and watching countless hours of sport. On this channel you will find a range of different content, including personal finance, business advice, tax tips, crypto tax tips, NFT discussions and even Ethan analysing some popular TV show businesses from an accountant’s perspective.
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✉ Email - ethan@rooshockaccounting.com.au
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Disclaimer
Every effort has been made to ensure that the information in this video is accurate. The information in this video and on this YouTube channel is for entertainment and general information purposes only. It should not be taken as constituting professional advice. You should not rely on it as financial, legal or tax advice. There are always risks in any financial decision and all decisions should be made on an individual basis. You should conduct your own research and seek independent professional advice where needed. Some of the links in this video or video description may be affiliate links. Ethan Rucioch, Rooshock Enterprises Pty Ltd, Rooshocks NFT Pty Ltd or any other related party may receive a commission through these.
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#audit #taxaudit #audits
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