The Labor Party, traditionally no friends of small business, has agreed to appoint another tax commissioner to help small businesses settle tax disputes with the Australian Taxation Office (ATO).
The purpose is to provide greater flexibility and a better appeal process than the one that exists now.
This is very welcomed by small businesses that have consistently complained about unfair audits and systems devoid of fair process.
This is much needed and will assist Bill Shorten in winning over small business votes.
To date, this hasn’t been matched by the Government. In fact, they propose tapping into our phone calls.
There appears to be a number of challenges with the Coalition at the moment, so let’s hope they see the light so we have clear choice. This will allow for better settlement of disputes.
Date published 23 Oct 2018 | Last updated 31 Jan 2025
This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
