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Published on 06 Oct 06
by VICTORIAN DIVISION, THE TAX INSTITUTE
HWI audits target a particular segment of the community, thus are approached by all concerned differently to other types of audits. HWI audits have a different dynamic; a different cadence. Between the initial questionnaire from the ATO to the final settlement deed or court decision, many things can, and do, happen. Don’t expect things to be resolved quickly: they rarely will be. This presentation takes you through the life-cycle of a “typical” HWI audit (if there is such a thing) and will cover the following:
who are the targets of HWI audits and why?
let’s get it straight: the ATO is not there to help
audit process management - the do’s and don’ts
who should or should not be involved
access to documents - by the ATO and from it
“know when to fold them, know when to hold them, know when to walk away, know when to run” - negotiations and settlement
when to stand and fight it out before the AAT or courts.
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