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Risk managing your documentation presentation

Member Price: Free
Non Member Price: $15.00

DisclaimerThis material is copyright. Apart from any fair dealing for the purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

Published on 05 May 06 by SOUTH AUSTRALIAN DIVISION, THE TAX INSTITUTE

Accounting practices with SME clients are often responsible for maintaining the statutory records and many of the accounting records for their clients. So what should advisors retain on their files? This presentation discusses:

  • what records must be maintained by law for various entities?
  • what are the specific income tax and GST requirements regarding record-keeping?
  • the Commissioner's powers of access to books, records and accountants’ working papers
  • what work papers should (and should not) be maintained in files?
  • internal quality control procedures
  • what the ATO may be looking for in the event of a review / audit?

Author profiles

Michael FAIRLIE
Karen ADAMS
Karen has been an officer in the ATO for over 25 years and for over 20 years of those has been in compliance roles, as an auditor, team leader and manager. She has dealt with income tax assessments and audits, PAYE, PPS and sales tax compliance, has been actively involved in the investigation of many tax frauds and now she works in GST and PAYG compliance as team leader in several cash economy projects.
Current at 23 February 2006

 

This was presented at 40th South Australian State Convention: Let's Celebrate .

Get a 20% discount when you buy all the items from this event.

Individual sessions

Managing ATO contact and tax disputes

Author(s):  Scott BRYANT

Materials from this session:

Tax issues relating to debts

Author(s):  Paul TANTI

Materials from this session:

The right side of the law - Financial Services Reform Act and investment advice

Author(s):  Shannon COATES

Materials from this session:

The legacy of Justice Graham Hill

Author(s):  The Hon. Justice Ian GZELL

Materials from this session:

GST and adjustments: a GST horror!

Author(s):  David KUHNE

Materials from this session:

Practical guide to using trust losses

Author(s):  Arlene MACDONALD

Materials from this session:

Advising a client who is buying a company from a tax consolidate group

Author(s):  Alistair Hutson

Materials from this session:

Paying death benefits from superannuation funds

Author(s):  Tony SIMMONS

Materials from this session:

Risk managing your documentation

Author(s):  Michael FAIRLIE,  Karen ADAMS

Materials from this session:

Where's the value shift? - hits and misses

Author(s):  Marc ROMALDI

Materials from this session:

Super splitting

Author(s):  Steven WILD

Materials from this session:

Recent developments in GST and property

Author(s):  Lachlan R WOLFERS

Materials from this session:

Practical CGT problems in developing residential property

Author(s):  Gordon S COOPER

Materials from this session:

The erosion of asset protection

Author(s):  Matthew TRIPODI

Materials from this session:

Discretionary trusts: where are we now with splitting and cloning?

Author(s):  Andrew SINCLAIR

Materials from this session:

Further details about this event:

 

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