Tax Agents

Much has been written on the recent release by the Commissioner of the package of draft ruling and determination dealing with the ATO’s long-awaited views on the application of s 100A and repeal of the current administrative treatment of UPEs for Div 7A purposes with proposed effect from 1 July 2022. I don’t wish to […]

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In a recent blog, we discussed how a tax agent in a tax audit can get into trouble under s50-20 of the Tax Agent Services Act (TASA) by making a statement or providing a document to the ATO which is false or misleading. However, that’s not the end of it. And what comes next will […]

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Tax agents regularly handle tax audits. Clients expect them (and only them) to deal with the ATO. Some clients expect tax agents to make the problem go away and, invariably, at no cost. All tax agents know that every tax audit requires the taxpayer to provide documents as and when requested by the ATO. Sometimes there […]

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Please forgive the dramatic introductory title, but we thought that the tax agent profession should be aware of a tiny part of the Tax Practitioner’s Board (TPB)’s investigative powers that are not apparent at first glance, but may have a catastrophic effect on a tax agent’s registration. Subdivision 60-E of the Tax Agent Services Act […]

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I’ll admit to the glamorisation of the role of a legal practitioner following television shows such as “Suits”. Let me tell you; being a lawyer is nowhere near as glamorous as the role portrayed by Harvey Specter’s character, but sometimes I think that some tax agents also think of themselves as glorified lawyers, especially when it […]

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A recent newspaper article caught my eye. Apparently, the ATO, working together with a federal government specialist team in behavioural economics targeted 2,000 tax agents, sending them a letter that specifically named taxpayers who were lodging tax returns claiming higher than expected work-related expense claims. This seems to be more of an experiment more than a […]

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