On a previous post, Geoffw stated that he had been very badly bitten by the A.T.O.
I'm not sure whether Geoffw would like to share with us what
went wrong but maybe there are others that have a story to tell that would help newbies like myself "get a feel" for how bad things could get with the A.T.O.
I ask this question not because I want to stretch the rules in any way, but because I once got some very wrong advice from a tax agent which, whilst not gaining me a large financial advantage, could have resulted in a large payback bill (not a lot of money but unaffordable in my circumstances) due to the number of years I had been claiming it.
Without being too specific, it was regarding apportionment rates on shared propery, an area where its difficult for the ordinary person to know what are acceptable boundarys.
How sympathetic/nasty can they be?
Do they give you the benefit of the doubt if you received wrong professional advice -especially when you tried to do the right thing- or is it a case of "your wrong- pay up- and heres a large fine to boot".
I guess you could call this a "risk management" question.
Regards.
I'm not sure whether Geoffw would like to share with us what
went wrong but maybe there are others that have a story to tell that would help newbies like myself "get a feel" for how bad things could get with the A.T.O.
I ask this question not because I want to stretch the rules in any way, but because I once got some very wrong advice from a tax agent which, whilst not gaining me a large financial advantage, could have resulted in a large payback bill (not a lot of money but unaffordable in my circumstances) due to the number of years I had been claiming it.
Without being too specific, it was regarding apportionment rates on shared propery, an area where its difficult for the ordinary person to know what are acceptable boundarys.
How sympathetic/nasty can they be?
Do they give you the benefit of the doubt if you received wrong professional advice -especially when you tried to do the right thing- or is it a case of "your wrong- pay up- and heres a large fine to boot".
I guess you could call this a "risk management" question.
Regards.