Train wreck case study paper

Published on 28 Feb 13 by QUEENSLAND DIVISION, THE TAX INSTITUTE

What happens when the train crashes? This paper provides practical advice on how to assist your client in this situation. Step through this case study where all of the events that you have been planning for with your client arise simultaneously:

• the ATO initiates a GST audit
• the client is part way through the year end audit
• the married business owners advise you that they have separated and are planning to divorce
• the bank is about to call in the receivers due to the impact of the GFC. 

How do you set priorities in this situation? What should you advise on and when do you need help from specialists. How much do you tell each party about the other issues?

Author profile

Adele Townsend CTA

Adele is a Tax Partner at BDO. She is an experienced domestic and international taxation adviser with both listed and private clients in a wide range of industries, including mining services, transport, manufacturing, biotechnology and property. She also has significant experience advising individuals on a range of complex taxation matters such as divorce, death and international residency. - Current at 12 July 2018

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