An audit is an examination of a taxpayers returns or accounting systems to check these are compliant with tax laws. If any errors are found in these, a taxpayer is liable to pay the increased amount of tax as well as interest and penalties on this.

Grace Evetts, our Client Relationship Manager, explains a tax audit.

Further resources:

• Our Provisional Tax Guide
• Learn more about doing tax on your terms
• Get help with reassessments
  
• Learn more about voluntary disclosures