The ATO’s Agent Early Intervention Program
What does it involve, how does it fit with the Agent Assurance Program and who will be visited?
***Please click 'Register' to enter a few details. You will then be able to watch the Webinar Recording multiple times for up to 6 months***
- PD hours: 1
You may also be interested in the following related topics:
ATO’s final view on tax residency of foreign companies
Dealing with the ATO
Combatting Illegal Phoenix Activity with ASIC & the ATO
ATO Information Gathering: Be prepared or be bombarded
How to Manage an ATO Audit
The ATO has identified that there is a group of tax agents who are making ‘avoidable mistakes’ and they have come up with a plan to visit 2,000 of these agents each year for the next 4 years. This is part of a broader agent assurance program targeting agents who are not necessarily helping their clients to get their tax obligations and positions correct.
The objective of the program is to work with agents who are at risk of becoming a concern in the future by providing amongst other things guidance to improve processes and support in dealing with current stressors which can lead to errors.
In this webinar, Assistant Commissioner Colin Walker will explain the broader agent assurance programme and then focus on the early intervention program, its purpose and how it will operate including:
- how will ‘targets’ be selected?
- whether this is an ‘audit’? If not, how is it different?
- what to expect if you are approached by the ATO in relation to this program - what does the process entail?
- what kind of support/assistance will the ATO provide to help these agents deliver better compliance?
- what outcome would the ATO consider to be a ‘success’?
- what benefits can agents expect to flow from the rollout of the Early Intervention Program?
Webinar Learning Outcomes:
- gain insights into the ATO’s planned activities to support practitioners in reducing errors
- receive advice on how to address some of the current difficulties and stressors experienced by the profession
Public Practice Accountants, Tax Agents
Colin Walker, Assistant Commissioner for the ATO has spent over 40 years working in the Tax Profession primarily with the ATO. During this time he has also worked for one of the Big 4 Accounting firms, operated his own small business and spent 8 years with the International Monetary Fund in developing countries. Colin has worked on the development and implementation of significant business and individual new legislation projects, led tax legislation interpretation areas and been active in the development of user centric design in the ATO. For the past 5 years Colin has been responsible for the ATO’s relationship with tax practitioners. He has extensive experience in public administration and the leading of major projects.
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
|FBT 2018: Key Exemptions Including Minor Benefits||Webinar Recording|
|Taxation of Financial Arrangements for Non-Financiers||Webinar Recording|
|International Tax (3 of 3)||14 May|
|ATO Information Gathering: Be prepared or be bombarded||Webinar Recording|