"Business clients and taxpayers have been urged to maintain contemporaneous documentation in light of increasing ATO audits. Moore Stephens associate director Simon DePaoli said the ATO’s increasing use of data matching has allowed the agency to have greater visibility of clients’ transaction history, opening up the risk to audits should red flags pop up."

https://www.accountantsdaily.com.au/tax-compliance/12699-documentation-key-in-ato-audits

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