Deayton Tax Blog
What’s happening in the world of tax.
INTERNATIONAL TAX – ADVANCED PRICING AGREEMENTS
This article is a considered view of a tax professional of wide experience. In a climate of increasing international exposure this article may be a timely reminder of the additional things to consider
from a tax point of view.
It discusses the ATO’s Advance Pricing Arrangements, explaining what they are and how they may reduce audit risk for a business client.
The potential advantages of an APA are balanced with the factors that must be considered before entering into one. Again expertise and experience are vital to making the decision.
The Taxing Business of Tax Audits
This article looks to provide guidance to accountants and tax agents when their clients face an ATO audit.
Mention is made of certain circumstances where a more or less routine audit causes significant
stress to the clients of a tax practice or to the practice itself.
Some guidance as to how to minimise the undesirable impact is given. These practical steps are
given with a caution. It is important to manage the relationship with the ATO. Often this requires
skill and experience.