The ATO is committed to reducing the costs involved in complying with your taxation obligations. Your response to this item will help us monitor these costs as closely as possible.
Write the number of hours taken to prepare and complete this schedule at S in the Taxpayer's signature block on your schedule.
When completing this item consider the time, rounded up to the nearest hour, that you spent:
- reading the instructions
- collecting the necessary information to complete this schedule
- making any necessary calculations
- completing the schedule
- putting the tax affairs of your business in order so the information can be handed to your tax agent.
Your answer should relate to the time your business spent preparing and completing your schedule, including the time spent by your tax agent and any other person whose assistance you obtained.