Tax Scams
Beware of Tax Scams: Protect Yourself
It's crucial to remain vigilant against tax scams that can lead to financial loss and identity theft. Scammers are becoming increasingly sophisticated, using various tactics to exploit unsuspecting individuals and businesses. Here’s what you need to know to help protect yourself.
Common Tax Scams
Phishing Emails, SMS and Calls: Scammers often impersonate the Australian Taxation Office (ATO) through emails, SMS or phone calls, claiming that you owe tax or have a tax refund. These communications may contain links to fake websites designed to collect your personal information.
Fake Tax Preparers: Some individuals may offer alluring rates for tax preparation services but are collecting personal details to commit fraud. Always verify the credentials of anyone you choose to assist with your taxes.
Refund Scams: Beware of offers promising large refunds or tax credits that seem too good to be true. Scammers may encourage you to provide personal information to qualify for fraudulent refunds, leading to potential financial and legal problems.
Identity Theft: Tax identity theft occurs when someone uses your personal information to lodge a false tax return and claim your refund. Monitor your personal information and report any suspicious activity immediately.
How to Protect Yourself
Verify Communication: Always double-check if any communication claiming to be from the ATO is legitimate. Contact them directly through official channels if in doubt.
Secure Personal Information: Be cautious with your personal information. Avoid sharing sensitive details over the phone or online unless you are certain of the recipient's identity.
Use Reputable Professionals: When seeking assistance with your tax return, choose a reputable accounting firm like LCB Accounting Solutions.
Stay Informed: Educate yourself about the latest tax scams by visiting the ATO's website here: Latest updates on scams, cyber safety and identity protection. | Australian Taxation Office
Report ATO Scams: if you have been affected by an ATO impersonation scam you should report it to the ATO
Be proactive about protecting your personal information and report any suspicions to the authorities.