Tax Month – February 2021

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – February 2021 Edition – ‘Tax Developments’ for tax practitioners by a tax practitioner.   Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ COMPILING…

Tax Month – January 2021

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – January 2021 Edition – ‘Tax Developments’ for tax practitioners by a tax practitioner.   Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ COMPILING…

CoT v MWB Accountants – Commissioner failed to extract an ‘overpaid’ refund from a tax agent (APOLOGY – if the agent’s version is correct)

Tax Technical previously published an article (in Jan ’20) about a decision, made by County Court, against the Commissioner of Taxation. That Court held that the Commissioner could not recover a taxpayer’s refund, which he alleged was overpaid, by putting the correcting debit in the tax agents ‘RBA’ (which would create a liability, for the tax agent,…