Case Studies

Objections

Objection-1

Issue
The ATO issued a demand notice of $31,542.00 to the taxpayer for shortfall interest charge (SIC).

Solution
Our team requested for the remission of shortfall interest charge with well-supported reasons for the remission.

Results:

  • Successfully achieved a full remission for the taxpayer of an amount of $31,542.00.

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Objection-2

Issue
The ATO issued a default assessment for the 2016-17 and 2017-18 financial years, erroneously estimating the business’s income. This led to a compulsory backdated GST registration and multiple penalties. Consequently, a demand exceeding $200,000 was raised against the taxpayer, including GST, tax liabilities, and penalties.

Solution
Our team prepared a comprehensive objection, leveraging in-depth analysis of accounting records and tax law implications. Through meticulous accounting and expert application of income tax and GST regulations, we successfully demonstrated the inaccuracies in the ATO’s assessment.

Results:

  • Achieved a reduction of $196,000 in income tax, GST liabilities, and penalties.
  • Ensured full compliance with tax regulations, effectively avoiding future penalties and financial risks.

Objection-3

Issue
The ATO issued a demand notice of $5,945.00 to the taxpayer for non-lodgement of documents. After unsuccessful attempts to reduce the penalties through other accountants, the taxpayer sought our assistance to resolve the matter.

Solution
Our team prepared a comprehensive objection, presenting compelling and well-supported reasons for the non-lodgement of documents.

Results:

  • Successfully achieved a full penalty reduction of $5,945.00