Speaker Profile: When the ATO comes knocking...
|Lyndall Cromption, CTA|
Tell us about yourself
I am the Assistant Commissioner of Taxation based in the World Square offices in Sydney. I have worked with the ATO for a period of 10 years. During that time I have worked in the areas of provision of advice, disputes and litigation and most recently have the national responsibility for developing the compliance strategy for the banking and finance industry.
A key aspect of the national banking and finance strategy role is consulting with taxpayers, industry bodies and advisors on industry issues, with a focus of resolving problems and providing guidance.
How long have you been affiliated with The Tax Institute?
I am a Chartered Tax Adviser with The Tax Institute and have been a member since 2003.
What does The Tax Forum mean to you, and more broadly, to the tax industry?
The Tax Forum provides a great opportunity to network with other tax professionals and to hear details of the latest taxation issues in the current environment.
What is the topic that you are presenting at the 7th Annual Tax forum?
Craig Jackson, CTA and I am presenting at the session titled “When to ATO comes knocking…” The session will consider the various stages of an ATO compliance review, including the ATO’s approach to risk ratings and the standards and level of evidence required at different stages of a review, audit or dispute. It will consider the importance of retaining and accessing information and documentation to the success of resolving disputes, with a focus on compliance activities within the PGI market segment. This session will also deal with ATO information gathering methods and processes.
What can attendees expect to learn from your session?
Attendees can expect to learn about their rights and responsibilities, how to handle formal and informal ATO enquiries, the level of documentation required to be presented, avenues available for dispute resolution, and managing their interaction with the ATO. Attendees can also expect to learn about risk management and preparing for reviews/audits. The session will also provide insights into how the ATO views the processes and uses the information.
What new or hot topics will you cover?
Topics covered include the ATO risk ratings, ATO compliance reviews, corporate governance and audit preparedness, and the increased level of intensity from ATO auditors and the increasing expectation to finalise reviews faster which shows the importance of retaining and accessing information and documentation.
How will attending your session help delegates help their clients?
By attending the session, delegates will receive up to date knowledge from an experienced tax practitioner and a senior ATO officer which will help them better prepare their clients for possible ATO review activity, inform them of the various avenues of dispute resolution and how they can best handle ATO requests for information.
The annual Tax Forum has become the must attend event in the NSW calendar for practitioners and tax professionals, and features 42 sessions and over 50 speakers, which gives you plenty of technical content to take back to the office.
Find out more about the conference and register now.