Join us as we discuss the third principle of effective tax governance for private groups, namely ‘seeking advice’ where we cover what the ATO want to see and what steps taxpayers can take to identify tax risks in their business.

The key areas discussed in this principle are:

• Explain clear escalation threshold for when and how to seek advice
• Inform advisors of significant changes or atypical transactions
• Ensure the information that the advice is based on is accurate, complete and not superseded
• Consider ATO published guidance and explain thresholds for when and how to engage with the ATO

For more information on this crucial element of tax governance, please join us in the seventh instalment of RSM’s Demystifying Tax Governance series.  

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