Voluntary disclosures and administrative penalties
ATO resources have increased dramatically lately, and the new Labor Government is expected to increase funding for the ATO's Tax Avoidance Task Force. What that means for taxpayers is that ATO activity is expected to increase. As advisors, we need to know what to do when taxpayers adopt incorrect historical tax positions, the implications of the historical positions and how to minimise a taxpayer's potential exposure.
This webinar will focus on voluntary disclosures and administrative penalties - the how, what and why of each.