Notes Online
Welcome to Notes Online.
We offer chapters and articles for individual purchase and we hope you benefit from using our Notes Online.
Disclaimer
These notes are intended to be a guide only. None of the comments contained in these seminar notes are intended to be advice, whether legal, financial or professional. You should not act solely on the basis of the information contained in these notes because many aspects of the material have been generalised and the tax laws apply differently to different people in different circumstances. Further, as tax and related laws change frequently, there may have been changes to the law since the notes were written. Specific advice should always be obtained from a tax professional.
Price
$11.00
Document Type
Article
Pages
5
Notes Online Home 2014 Tax Schools Day 2 ATO audit hit list for business in 2014
AAT accepts use of industry benchmarks for a taxpayer with poor records - Carter
In this section of the notes we discuss the way the AAT accepts the use of industry benchmarks for a taxpayer with poor records by looking at case example Carter. The following topics are discussed:
- The relevant facts in Carter
- The main issues and arguments in Carter
- The decision of the AAT in Carter
- The lessons that are to be learnt from Carter
- What tax agents can do to assist their clients