This presentation covers:
- why prepare documentation? Risk mitigation and strategic planning
- how to approach the process of writing it all down
- build on and support schedule 25A related party disclosure
- know the business and industry and know what data base will support the chosen method
- use the available database knowledge to benchmark under the method selected and come to a conclusion
- can overseas databases be used? What the ATO uses
- what do you do if the result doesn’t support the outcome - is it arm’s length?