04 Nov 099 Letter program about using carried forward losses
The ATO has advised that during October and November 2009, it is sending letters to selected tax practitioners who have business clients with an annual turnover of $2 million to $10 million. The letters include information about how carried forward loss provisions operate and highlight areas of concern. The ATO says that the letters aim to help practitioners and their business clients and improve voluntary compliance.
For a copy of the ATO advice, go here