ATO audits can be stressful—but with the right accounting practices and business advisory support, they don’t have to derail your business. Whether you’re a sole trader, a growing SME, or managing multiple entities, understanding the ATO audit process helps you stay prepared and in control.
ATO audits are part of the Australian Taxation Office’s compliance strategy to ensure individuals and businesses are meeting their tax obligations. While they can feel intrusive, audits are often targeted based on specific triggers and conducted professionally. Knowing what’s involved means you can respond calmly, gather what’s needed, and minimise disruption to your business.
This guide explains what to expect if you’re audited, what triggers audits, potential penalties, and how both business accountants and business advisors can support you before, during, and after an audit.
