Scam Alert: Protect Yourself and Your Business

Scammers are becoming increasingly sophisticated in targeting individuals and businesses. From fake tax refund emails to dodgy calls claiming to be from the Australian Taxation Office (ATO), it’s crucial to stay vigilant. Here’s how to spot scams, real-life examples, and what steps to take if you’ve been targeted.

1. Common Tax-Related Scams

  • Fake ATO Emails or Texts
    Scammers impersonate the ATO, claiming you’re owed a refund or need to pay a debt. These messages often include links to fake websites asking for personal or banking details.
  • Suspicious Phone Calls
    You may receive calls threatening legal action if a “tax debt” isn’t paid immediately. Scammers often demand payment via unusual methods like gift cards or cryptocurrency.
  • Identity Theft
    Fraudsters steal personal information to lodge fake tax returns or commit other financial crimes. They may pose as accountants or financial advisors to access sensitive data.
  • Business Scams
    Fake invoices or requests for payment may target your business, appearing to come from a legitimate supplier or the ATO.

 

 

Cr: ATO

2. Real-Life Scam Examples

  • Example 1: Jane received an email claiming to be from the ATO, asking her to click a link to “claim her refund.” The link led to a fake website asking for her banking details.
  • Example 2: A tradesperson was called by someone claiming they owed $2,000 in unpaid taxes. The scammer threatened to involve the police unless payment was made via prepaid gift cards.
  • Example 3: A small business owner received a fake invoice from a “supplier,” which matched previous transactions but had a different bank account for payment.

Cr: ATO

Cr: ATO

3. How to Identify a Scam

  • Urgent or Threatening Language: Scammers often pressure you to act quickly.
  • Unusual Payment Methods: Genuine organisations like the ATO never request payment via gift cards or cryptocurrency.
  • Poor Grammar or Design: Emails or messages may have spelling mistakes or odd formatting.
  • Unsolicited Requests: Be cautious if you’re asked for personal or financial details unexpectedly.

4. What to Do If You’re Targeted

A. Don’t Engage

  • Hang up on suspicious calls.
  • Avoid clicking on links or downloading attachments from unknown sources.

B. Verify the Contact

  • Contact the ATO directly on their official number: 13 28 61.
  • Check the legitimacy of any invoices or payment requests with the purported sender.

C. Report the Scam

D. Protect Your Information

  • Update passwords and enable two-factor authentication on your accounts.
  • Monitor your bank accounts for unauthorised transactions.

5. How to Stay Safe

  • Use Trusted Sources: Only interact with official websites and verified contacts.
  • Educate Your Team: Make sure your employees know how to spot scams.
  • Secure Your Data: Keep your software updated and use antivirus protection.
  • Keep Records: Save suspicious messages and note scam details for reporting.

Staying alert to scams can protect your finances and personal information. At Tax Accounting Adelaide, we’re here to help you navigate any concerns related to tax and scams.

 

If you’re unsure about a suspicious message or call, contact  Scamwatch, keep your finances secure.