Miscellaneous 2006

HWI audits: the long and winding road

Source: Victoria

Published Date: 6 Oct 2006

 

Sorry, this is subscriber only content.

If you're not yet a subscriber, to gain access to this material and much more - Subscribe Now.

Already a Subscriber? Login now

Already a Subscriber? Login now

HWI audits target a particular segment of the community, thus are approached by all concerned differently to other types of audits. HWI audits have a different dynamic; a different cadence. Between the initial questionnaire from the ATO to the final settlement deed or court decision, many things can, and do, happen. Don’t expect things to be resolved quickly: they rarely will be. This paper takes you through the life-cycle of a “typical” HWI audit (if there is such a thing) and will cover the following:

  • who are the targets of HWI audits and why?
  • let’s get it straight: the ATO is not there to help
  • audit process management - the do’s and don’ts
  • who should or should not be involved
  • establishing positions
  • access to documents - by the ATO and from it
  • “know when to fold them, know when to hold them, know when to walk away, know when to run” - negotiations and settlement
  • when to stand and fight it out before the AAT or courts.

Individual Session

HWI audits: the long and winding road

Author(s): Paul Sokolowski CTA

Details

  • Published By: Paul Sokolowski CTA
  • Published On:6 Oct 2006
  • Took place at:Cumberland Lorne Resort

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2006

Share this page