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Discuss whether the tax agent is required to co-operate with the ATO request

Question 1 ( 6 marks)

An Australian taxation officer has come unannounced to the business premises of Prompt Preparation Pty Ltd and is seeking access to all the files of a particular client that the ATO intends to audit.

(a) Discuss whether the tax agent is required to co-operate with the ATO request and what information can the ATO examine and not examine ( 3 marks)

(b) What other action can the ATO take to acquire the necessary information from Prompt Preparation Pty Ltd? (2 marks)

(c) Discuss what penalties could apply if Prompt Preparation Pty Ltd fails to comply with the ATO (1 marks)

(6 marks)?question1 total need around 800 words?

Pick an area of Taxation Law from the following list:

• Capital Gains Tax
• Small Business Concessions
• Taxation of Superannuation
In relation to your chosen area of Taxation Law answer the following question?
3. How effective has this tax measure been in meeting its objectives? What if any changes would you suggest to the tax measure to better meet its objectives? Are you aware of any proposed changes?