How To Manage An ATO Review
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  Date: 01/09/2011 If the ATO comes knocking on your door, be helpful but observe the formalities - and make sure you understand what's triggered their enquiries, as well as your rights and obligations. No-one wants to have the ATO on their doorstep, or on the phone, asking questions and delving intopersonal or business affairs. But it's part of their job. It's important, says tax expert Michael Jones, of Cummings Flavel McCormack, to find out what's triggered their enquiry and assess whether it's reasonable. Be helpful, he says, but keep it formal too. Check identification and authorisations, and keep an accurate record of all your dealings. ATO officers have a duty to be fair and reasonable, and there's a taxpayers' charter - available online - which sets out your rights and obligations, and your options for appeal if you want to dispute the eventual outcome. Topics: Accounting & Tax |
 Michael Jones, Cummings Flavel McCormack |