Management Accounting (Case Study 6)

A business client in the takeaway food industry had received correspondence from the ATO in relation to “small business bench marks”. According to the information lodged with the taxation office the client business was outside the benchmarks for this type of business.

Axis accounting was engaged by the client to review the information prepared by the previous accountants to verify if this was the case. In review by the firm it was discovered that previous external accountants had classified the business under the wrong industry category and had allocated the business expenses inaccurately.

The firm was able to notify the taxation office of these misallocation s and successfully resolve the review of the business without any action been taken by the taxation office.

Taxation & Compliance Services Provided

  • Auditing (internal)
  • Audit assistance (external)
  • Taxation & GST Compliance assistance
  • Taxation Advisory Services

Axis accounting has a range of CPA qualified and experienced taxation and business consultants that can cater for your every taxation and business compliance need.

Contact us to organise an appointment so that we may assist you.


This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. In preparing this information, we did not take into account the investment objectives, financial situation or particular needs of Any particular person. Before making an investment decision, you need to consider (with or without the assistance of an adviser) whether this information is appropriate to your needs, objectives and circumstances

Want to grow your business? Our Free Resources will Help