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Qld Tax Law Client Letter

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ST GEORGE TAX ADVISORS

GPO Box 9966 BRISBANE QLD 4001

Tel: (07) 3111 0011 Fax: (07) 3151 0012 Email: queries@stgeorgetax.com.au ABN 60-222-555-333
16 January 2009
Ms Shona Bridget
72 Shepperton Rd
EAST VICTORIA QLD 4683

Dear Ms Bridget,

Re: Your objections to the Notice of Amended Assessment

1. YOUR INSTRUCTIONS

Following an audit by the Australian Taxation Office (ATO) of your tax return for the 2007 income year, you received a Notice of Amended Assessment dated 26 March 2008. As a result of this Assessment, three increases totalling $9,400 were made to your assessable income, and four decreases totalling $16,300 were made to your allowable deductions. You have approached us to assist you in explaining the objections to assessments process, prepare relevant objections to the Assessment, and explain the applicability of the General Interest Charge included.

2. THE OBJECTIONS PROCESS

The Taxation Administration Act 1953 (Cth) governs the process for objecting to Amended Assessments prepared by the ATO. The Assessment is a definitive judgment of your taxable income, and you will be liable for the included amounts unless an objection is lodged.

We have completed a comprehensive objection form on your behalf, which we will deliver to the Federal Commissioner of Taxation for evaluation. This is the key document in the objections process as it explains assessments we deem to be incorrect and provides detailed reasons for the objection supported by applicable law. If you are unhappy with the Commissioner’s response, which can often take several months to prepare, you can appeal to the Administrative Appeals Tribunal, for a minimum fee of $574.

3. EXPLANATION OF OBJECTIONS MADE TO AMENDED ASSESSABLE INCOME

3.1 Up-front fees from Tom

The Commissioner has determined that the…...

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