This webinar, the last in our back to basic series looking at the fundamentals of Australian tax, explores how the Australian tax system is administered. At the heart of the system is the tax administrator, the Australian Taxation Office. Using practical examples, case studies and clear language, we will explore how our self-assessment system really works, as well as the rights and obligations imposed on both the ATO and the taxpayer to ensure that all taxpayers report and pay the correct amount of tax. We also look at what happens when disputes arise and what strategies the ATO can pursue when dealing with taxpayers who aren’t meeting their obligations.
Amongst the topics to be covered:
• Self assessment: what it means for taxpayers
• Lodging a tax return
• Getting guidance from the ATO: public and private rulings and other guidance products
• Amendments and objections
• Disputes with the ATO; reviews, audits and appeals
• Penalties and interest
• Record-keeping requirements
• Tax collection
• Taxpayer rights
Webinar Learning Outcomes:
Attendees will gain an understanding of the legal and administrative foundations of the Australian tax system and will be able to apply those rules with clients who have taxation issues related to the administration of the tax system on a day to day basis, whether that be a simple question as to whether they need to lodge a tax return or detailed advice on managing a tax audit.
This series of introductory webinars is ideal for those starting a career in tax who wish to understand the fundamentals of the Australian tax system. It is also ideal for accountants in non-tax roles who want a high level overview of how the tax system works, as well as other professionals who might need to understand how tax could impact their clients, such as financial planners and legal professionals.
Since 2015, Mark Chapman has been Director of Tax Communications with H&R Block Australia. He writes regularly on tax issues for numerous media outlets and presents on topical tax topics at seminars and other events. He broadcasts frequently on radio and television and writes a regular column for Money Magazine and Yahoo7 Finance. As a tax practitioner in the UK, he occupied a number of senior positions before moving to Australia in 2007 to join the Australian Taxation Office (ATO) as a senior director. Mark is also the author of Life and Taxes: A Look At Life Through Tax published by Wolters Kluwer, CCH Australia.
Mark has over 25 year’s experience as a tax professional in both the UK and Australia, specialising in tax for small business and individuals. He is a fellow of the Institute of Chartered Accountants in England and Wales, a fellow of CPA Australia and a member of the Chartered Institute of Taxation. He holds a Masters of Taxation Law with the University of New South Wales.
You will be provided with:
• PowerPoint Presentation slide deck
• Any Supporting Documentation
• Webinar Recording to view multiple times for up to 6 months
• An opportunity to ask questions to the presenter
Understanding the administration of the Australian tax system.