On 2 October 2014, Ken Schurgott CTA-Life (SNA Lawyers) attended the ATO Project DO IT Workshop for The Tax Institute. The Workshop was an opportunity for The Tax Institute to seek guidance from the ATO on many scenarios raised by our members they have been facing in relation to Project DO IT.
Following the Workshop, the ATO will be issuing public guidance on the scenarios discussed at the Workshop in addition to guidance already available. Members are directed to the following link to the ATO for updated information regarding the treatment of losses and pre-period review of funds through Project DO IT.
For members keen to find out more, Tom Lickess and Jeff McAlister will be presenting a webinar to be held on Tuesday 28 October 2014. Find out more about the Tax Amnesty – Project DO IT Webinar or Register for the webinar. (Can’t make that date? Register now and receive the recording the day after the event to watch whenever you need it.)