- Since the introduction of the Risk Differentiation Framework (RDF) the ATO has become much more sophisticated in its analysis of taxpayers. This is particularly the case in the SME segment, where the ATO has been very deliberate in publishing details of its risk review program and the areas of risk to be reviewed and audited. The transparency of the ATO's review program allows taxpayers to assess their own risk of review and whether they will be in position to persuade the ATO against audit and raising further taxation liability. However, this transparency cuts both ways as taxpayers who are selected for investigation by the ATO should be aware that initial contact from the ATO is not the beginning of the story. The ATO investigation has commenced as a result of careful consideration by the ATO and the taxpayer's position is considered deficient in some respect.
- This seminar covered:
- how to best manage ATO investigations to achieve optimal outcomes for taxpayers
- compliance issues the ATO will focus in the SME segment
- supporting a taxpayer's position with documents and evidence (and how to avoid disclosing confidential information)
- a taxpayer's obligations during an ATO investigation
- a taxpayer's rights during an ATO investigation
- strategies for managing a dispute with the ATO.