Phone: (03) 9563 4688

Email: office@aubreypaton.com.au

Address: 17D Chester Street, Oakleigh VIC 3166

Latest Accounting News
Hot Issues
Touch Payroll (STP)
‘Calm before the storm’: Government proposes 12-month SG amnesty
Government intensifies cash payments crackdown - Kelly O'Dwyer
Passive investment companies tax rate still 30%
Cryptocurrency audits tipped to increase this EOFY
Australia by numbers – Update
$2.4m lost to tax scams, ACCC reports
No GST on digital currency
Federal Budget 2018 - Overview
Your Budget
4 components of our 2018 Federal Budget
Resources to help understand and implement Single Touch Payroll (STP)
New rules capture SMSFs trading big with cryptocurrency
New passive income test for lower corporate tax rate
Tools to help you manage your financial position are available on our site.
‘A simple mistake can attract our attention’: ATO reminder about FBT slips-ups
Australia by numbers – Update
Beware residency rules if moving overseas
Meaningful tax reform in high demand
Working holidaymakers and tax returns
Single Touch Payroll – 1 April 2018 Action
Property investors on notice after ATO spots false claims
ATO issues update on cryptocurrency compliance traps
Australia's vital statistics
Accountants spy elder abuse spike as mortgage stress sets in
Tax office releases fresh guidance on SMSFs
Labor's tax plans could favour the rich, analysis shows
FBT Reminder – Odometer Reading
Our website is really our digital office.
Articles archive
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Quarter 2 of 2010
Articles
Pension Payment Minimums for 2010/11
3 Tax Time Checklists - Company, Individual and Superannuation Fund
Overseas Investment in Australia – Confusion reigns.
Bank Fees Dropping
Personal Credit Ratings – Part 2
Develop a more complete understanding of your financial position by using the Calculators / Financial Tools on this site.
Henry Report - a note on the Report's recommendations
Income Tax Assessment Process Still Struggling
2010-11 Commonwealth Budget
End of Tax Payment Concessions
Australian Taxation Office (ATO)
ATO new Notice of Assessments and Statement of Accounts
Income Tax Assessment Process Still Struggling
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The Australian Taxation Office implemented a major overhaul of its computer system and assessment process, which began to effect agents and taxpayers in late December 2009.  Unfortunately, it has not gone well resulting in a great deal of criticism and creating many headaches for tax agents trying to understand the new paper warfare and time to chase up missing cheques, unpaid interest, etc., etc.

In summary:-

January 2010
Tax Office advises we might experience “temporary service delays”.

February 2010
News that there is a backlog of 300,000 returns yet to be processed

March 2010
New four page Notice of Assessment, rather than a simpler one page version.

A significant number of refund cheques just disappeared (down a black hole??)

When some of these refund cheques are mailed out, they are dated two to three weeks earlier.  No explanation or acceptance of fault!

April 2010
Assessments are sent out with incorrect dates.

Assessments are sent out without refund cheques.

Partial Assessments are sent out.

Refund Assessments’ are sent out with General Interest Charge (GIC) charged and (later on in the same Assessments) GIC remitted.

May 2010
Backlog reduced and improvements starting.



16th-May-2010