Audit & Objection
Dealing with an ATO Audit, Objection, or Appeal is undeniably stressful, often leaving you feeling overwhelmed as if the odds are stacked against you.
However, with the right guidance, you can navigate the complexities of a tax audit and even challenge the Australian Taxation Office (ATO) when necessary.
We are here to provide the crucial support you need to effectively manage an ATO audit. If you find the audit’s outcome unsatisfactory, our expertise allows us to assist you in lodging an objection or appealing the decision.
Understanding ATO Audits and Investigations
Every year, the ATO conducts millions of audits, reviews, and other compliance checks to ensure tax obligations are met. The duration and complexity of these audits depend on various factors, including the information available to the ATO.
The ATO typically begins with a notification letter, alerting you to an impending review or audit. Taking the opportunity to voluntarily disclose any underreported taxes at this stage can significantly reduce penalties.
The initial phase is often a review, targeting specific issues or your entire tax operations. This review involves providing critical documentation and possibly an interview. Depending on findings, the ATO will either escalate to a full audit or close the review.
Leveraging Legal Expertise
During any stage of investigation, securing legal counsel is your right. Our tax lawyers can guide you on required disclosures, correct past tax inaccuracies, and provide comprehensive insights into potential outcomes. They offer strategic advice grounded in extensive legal knowledge, ensuring you don’t pay more than necessary.
Outcomes of an ATO Investigation
Investigations can conclude in three ways: closure with a clean slate, a settlement between you and the ATO, or the issuance of an amended assessment requiring additional payments. Settling with the ATO demands careful negotiation and understanding of your legal position, often warranting legal consultation.
Steps to Take When Disagreeing with an ATO Decision
If the ATO’s decision seems unjust, lodging an objection is the first step. Common objections pertain to tax assessments or shortfall penalties. Timeliness is crucial; some objections have deadlines as short as 60 days.
Prepare your objection meticulously.
A well-crafted objection aids the ATO’s understanding of your stance and lays the groundwork for potential appeals to the Administrative Appeals Tribunal or the Federal Court.
If you’re navigating this complex and daunting process, consider reaching out to our experienced team at Tax Lawyers.
Let us help clarify your path and advocate effectively on your behalf in dealings with the ATO.
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