27 Jul 12 We want it all, and then some
MEMBER 155 writes:
"Sometimes you get things that just defy belief or explanation.
Last week we received a quarterly income tax PAYG instalment notice for a former client. This client has not been a client here for about 7 years, he is not on our client list and we cannot access his details on the Tax Agent Portal.
But what really attracted my attention was the instalment percentage to apply to the instalment income if the pre-printed ATO instalment wasn't chosen. It was 419%.
That's a new one on me. Maybe the ATO computer has little brain snaps occasionally?"