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16 Mar 12 What cheeses me off about large Super Funds

MEMBER 53 writes:

"As you know, I can't stand the ATO always having a go at Mum and Dad who don't know how to run a Super Fund.

Here is another example of a large superannuation fund.

Portal Report tells me to disclose income of $16,732.

Ask the client for the PAYG Payment Summary.

He says it isn't taxable - ('What are you talking about?')

I fax Portal Report to a large superannuation fund.

They write back saying client is correct, Portal (and therefore Client's accountant) is wrong in including it in client's Tax Return

When is the ATO going to start harping on about how large institutions cannot run a Super Fund any better than Mum and Dad?????"

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