The ATO first warned of a phone scam more than 3 months ago, and the losses just keeping coming. Last month alone losses were reported at $830,000, and reports are that the scam is becoming increasingly sophisticated.

We are cautioning all our clients to be extremely vigilant about screening calls that purport to be from the ATO. One tell-tale sign is the caller ID. When the tax office makes a call there won’t be a number show up on the caller ID. So if you see a number then you know it’s not the ATO calling.

Don’t just be cautious about giving out your credit card details. Sharing your tax file number and address enables scam operators to do many things, including create a new bank account using your details.

The ATO is asking people to report any suspicious calls to help them in combating this criminal activity.

Read more in the Sydney Morning Herald

Some of Our Clients

Subscribe to Our Newsletter

Get all the latest news from HQB delivered direct to your inbox

Your Name (required)

Your Email (required)

 
199

Days left until the new financial year. Get your tax sorted today. Click here to get started.