Accounting Working Group (AWG) meetings updates

View the Accounting working group (AWG) meeting updates below.

  • Accounting Work Group meeting on 14 June 2013

    On 14 June 2013, Norman Kang attended a meeting of the ATO Tax Practitioner Forum - Accounting Working Group as a representative of the Institute.

    Key issues discussed were:

    • Tax Time 2013 – From an ATO perspective, this is one of the biggest Tax Times the ATO has had in a long time in terms of system changes. As a result, there is a lot of pressure on resources, and there is a lot of testing occurring.
    • Sources of information for migrants – Cultural differences and language barriers can be hurdles to taxpayer compliance in Australia’s migrant communities. The ATO is working on strategies to improve the promotion of information to ethnic communities in Australia.
    • Pre-issue compliance program for Tax Time 2014 – In the current financial year, the ATO has stopped about 117,000 income tax returns. This figure includes cases stopped under the High Risk Refund (HRR) rules. The HRR rules (for individuals only) will be switched off and replaced with an expanded suite of expert business rules.
    • Legislation update – The ATO is revisiting its policies in relation to announced (but not yet enacted) law. There are a few measures the government has announced that have a negative impact on people. The ATO is working to ensure a fair and equitable outcome as far as penalties and interest that would apply in those circumstances.
    • Pay as you go instalments (PAYGI) product update.
    • Impacts of the 2013-14 Budget – discussion was on improvements to existing reporting arrangements (commencing 1 July 2014), and new legislative reporting systems (commencing reporting 1 July 2015).
    • Review of consultative arrangements - as a result of the review, the Accounting Working Group has been discontinued. The 14 June 2013 meeting is the last meeting.

    For further information on the meeting, please refer to the key messages from the meeting held 14 June 2013. The formal minutes of the meeting will be published on the ATO website in due course.

  • Accounting Working Group meeting on 21 February 2013

    On 21 February 2013, Norman Kang attended a meeting of the ATO Tax Practitioner Forum - Accounting Working Group as a representative of the Institute.

    Key issues discussed were:

    • Pay as you go (PAYG) Instalments product update
    • Independent viability assessment program – the ATO piloted an ‘arms length’ approach where critical decisions on the viability of businesses with large tax debts are obtained before proceeding with costly and resource intensive recovery action
    • Deployment of the Business Viability Assessment Tool - You can use this tool to help you determine whether a business is viable
    • Status update on ATO service delivery to increase electronic interactions
    • Tax agent portal update
    • Discontinuation of bulk mail out of information statements to Higher Education Loan Account (HELA) clients.

    The formal minutes of the meeting will be published on the ATO website in due course.

  • Accounting Working Group meeting on 7 December 2012

    On 7 December 2012, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

    Key issues discussed included:

    • Pay as you go (PAYG) Instalments product update – work is progressing around the correspondence improvements
    • Tax Time 2012 – Tax Time continues to run smoothly and the ATO is ahead in processing times compared to the previous year
    • Australian Business Register (ABR) release update – the upgrade of the ABR has been successfully deployed. You will be able to register for GST and PAYG withholding as part of their online Australian Business Number (ABN) application
    • Pre-issue compliance update – the ATO provided an update on the progress of clearing the tax returns that were held up as a result of the refund integrity checks
    • TFN integrity presentation – the ATO gave a presentation on the widespread use of TFN.

    The formal minutes of the meeting will be published on the ATO website in due course.

  • Accounting Working Group meeting on 17 August 2012

    On 17 August 2012, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

    Key issues discussed included:

    • Electronic individual service standard update – ATO has received positive feedback on emails informing agents of income tax returns delayed for more than 30 days 
    • Pay as you go instalments (PAYGI) product update – Last financial year there was an increase in the PAYGI population from 2.2 million clients to 2.4 million clients 
    • Tax Time and ABR release update 
    • Pre-issue compliance update – As at 6 August 2012, ATO has stopped around 20,000 income tax returns. In comparison, last year ATO has stopped 45,000 income tax returns 
    • Debt update – issues discussed included ATO’s current practice and approach around payment arrangements, and upfront payments 
    • Legislative update on the Review of the Taxation (Interest on Overpayments and Early Payments) Act 1983
    • Higher Education Loan Account – Cessation of Statement of Account (SoA) mail out

    For further information on the meeting, please refer to the key messages from the meeting held 17 August 2012. The formal minutes of the meeting will be published on the ATO website in due course.

  • Accounting Working Group meeting on 15 June 2012

    On 15 June 2012, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

     

    Matters discussed included:

     

    • Refund integrity checks – ATO provided an update on the progress of clearing the tax returns  that were held up as a result of the refund integrity checks
    • Update on the electronic individual service standard – discussion surrounded  around the use of electronic messaging via portal or ELS to notify agents of the returns that will not be processed in 30 calendar days
    • Tax time and new releases update, including an update to the changes to the ASustralian Business Register.

     

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.

  • Accounting Working Group meeting on 20 April 2012

    On 20 April 2012, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

    Matters discussed included:

    • Reviewing the business tax returns – ATO provided a briefing on the initial findings of their work to identify ways in which they can improve the income tax reporting arrangements for businesses
    • ATO service delivery and increasing electronic interactions - the ATO service delivery framework aims to improve the client experience, streamline administration of the tax system and reduce the carbon footprint of the tax and superannuation system 
    • Refund integrity checks – ATO provided an update on the progress of clearing the tax returns that were held up as a result of the refund integrity checks.

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.

  • Accounting Working Group meeting on 12 August 2011

    On 12 August 2011, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

    Matters discussed included:

    • Update on standard business reporting
    • Improving the taxation of trust income – 2010-11 administrative concession
    • Risk based approach to debt collection
    • Tax time update

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.

  • Accounting Working Group meeting on 17 June 2011

    On 17 June 2011, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

    Matters discussed included:

    • Proof of identity changes
    • Higher Education Loan Account 2011 statement run
    • Tax Time 2011 – lead up to going live
    • TFN enhancements – improvements to individual tax file number registration
    • Pre-filling of tax returns – what’s new in 2011

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.

  • Accounting Working Group meeting on 8 April 2011

    On 8 April 2011, Norman Kang attended a meeting of the ATO Tax Practitioner Forum Accounting Working Group as a representative of the Institute.

    Matters discussed included:

    • Natural disasters and support being provided by the ATO
    • Viewing a copy of a client’s notice of assessment on the tax agent and business portals
    • ATO receivables policy project

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.

  • Accounting Working Group meeting on 11 February 2011

    On 11 February 2011, Norman Kang of the Institute attended a meeting of the ATO Tax Practitioner Forum (ATPF) Accounting Working Group. Topics that were discussed included:

    • A brief update on the Tax Practitioners Board’s activities and focus for the next 12 months
    • A demonstration of the business viability assessment tool
    • The current status of the standard business reporting program.

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.

  • Accounting Working Group meeting on 22 October 2010

    On 22 October 2010, Norman Kang of the Institute attended a meeting of the ATO Accounting Working Group. Topics that were discussed included:

    • ATO’s process in the correction of taxpayer’s date of birth
    • Action tax agents should take in relation to tax refunds in their Trust Account where the entity entitled to the refund cannot be located
    • Commonwealth Ombudsman’s report on ATO’s response when Tax File Numbers (TFN) are compromised or TFN records are incorrectly linked
    • Discussion around changing year end for tax purposes

    Once the draft minutes of the meeting are approved, they will be published on the ATO website and a link provided in the Tax Bulletin.