“My biggest criticism of the ATO in the audits — they have no understanding of the cost of compliance,” said Michael Cranston, a partner at Waterhouse Lawyers.
Read more at the Accountants Daily.
Tax practitioners should remind ATO audit officers of the cost of compliance when facing exhaustive requests for information, a former deputy commissioner has advised.
“My biggest criticism of the ATO in the audits — they have no understanding of the cost of compliance,” said Michael Cranston, a partner at Waterhouse Lawyers.
Read more at the Accountants Daily.