Tax Schemes - Get a second opinion!

The Australian Taxation Office (ATO) keeps a close eye on the proliferation of “too good to be true” tax avoidance schemes. Not only are there likely to be ‘flags’ raised in relation to deduction claims made in your tax return, online intelligence gathering and ‘dob-ins’ make it highly likely such arrangements will be audited.

If you are offered the ‘opportunity’ to invest in an investment scheme that is highly geared or otherwise driven by a ‘favourable tax effect’, seek a second opinion!

The ATO’s Youtube video Recognising tax avoidance schemes is a ‘must watch’!

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