Tax Disputes
By King Tan
1h 34m CPD time
Difficulty: Intermediate
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Dealing with an ATO review or audit can be a stressful process. As the adviser, not only must you manage client expectations, you are also usually given short deadlines to respond to information requests.
This session will cover the following:
The tax dispute lifecycle
Tips to help you best manage an ATO review or audit, including a discussion of the following:
Responding to questionnaires and reviews
Understanding the taxpayer’s rights and obligations and the ATO’s powers
Voluntary disclosures
Penalties
Objections
Debt management
We also dedicated part of the session to discuss Bendel v Commissioner of Taxation [2023] AATA 3074 and what this means for taxpayers in handling Division 7A disputes.
Date recorded: 16 November 2023