The red and blue corners - Demystifing ATO dealings from audits to tax agent profiling and everything in betweeen
Published on 25 Feb 2014
| Took place at City West Receptions, West Perth, WA
Ever wondered how the Australian Tax Office (“ATO”) assesses your clients in terms of risk to revenue? What sort of risk assessment is more likely to result in an ATO review or audit activity? As a tax agent, how do you rate in comparison to your colleagues and what do these ratings mean? The ATO now utilises a point-in-time risk management tool called the risk differentiation framework (“RDF”) to assess these risks.
Tax practitioners interact with the ATO on a frequent basis, lodging forms and returns, responding to formal and informal requests for documentation, dealing with reviews and audits and notices of objections. Practitioners and senior ATO officers will discuss ways to ensure effective and efficient interaction with the ATO.