28 Nov 1414
On Div 293 assessment notices
MEMBER 191 writes:
"Can the ATO improve their Division 293 assessment notices?
Currently, we are just advised 'the total earnings for Division 293 tax’. Is it possible for the ATO to break that into:
- Taxable Income
- Reportable Benefits
- Net rental losses
We have our administration staff check all standard assessments against returns lodged before we send them to clients, so for them to check the Division 293 notices is very difficult. Even trained accountants have to hunt around the return to check the accuracy of these assessments, so the general public must find it very difficult."