Amendment

Taxpayer time to time may do mistake while preparing and lodging the tax return. If you did mistake in your tax return and find out later, then you must fix your mistake lodging amendment of tax return as soon as possible. Sometime due to lack of proper tax guidelines, taxpayer lodged tax return with mistake, which may be costing them thousands of thousand as tax. These costly mistakes can be fixed by lodging the Amendment of tax return. With Amendment, it has time limit. Below is time limit for amendments: –

1. Individual and small taxpayer        : 2 Years from date of notice of assessment issued.
2. Other taxpayer                                 : 4 Years from date of notice of assessment issued.        

In case, if your amendment exceeds the time limit, you can still request commissioner to consider to extent the time limit of lodging amendment with supporting reasons. But excepting your request will be exclusively on commissioner discretion and it will be based on reason behind the delay. In case of reasons beyond your hand, commissioner usually consider your request to extend the time limit of amendment lodgement.

Objection

Time to time ATO may give taxpayer a decision, which taxpayer believe is not correct and if you want to challenge the ATO decision. The ATO form you use to challenge the ATO decision is called objection.

There is time limit for objection too. It varies from 60 days to 4 years depending on ATO Decisions. In case, if your objection exceeds the time limit, you can still request commissioner to extend the time limit to consider your objection.

Taxpayer may be the victim of ATO wrong decision which may cost them thousands of dollars in terms if tax, penalty, and interest on ATO Debts. Hence, it will be very good idea to ask expert opinion on ATO decision to confirm that ATO is right or wrong.

If you are looking for tax consultant who can review ATO decision and offer you the solution how to challenge the ATO decision or can explain you why ATO decision is right based on your situation, our expert tax consultant with more than 10 years will be the best solution for your situation.

Our tax consultant has almost 100% success rate (for those objections where tax consultant assessed 100% favorable decision) in terms of objection results. Our tax consultant may assess and lodge your objection at once off upfront fee plus win basis additional fee basis if you are not sure that your objection decision.