The TPB, on 9 September 2021 issued a media release about a Victorian tax agent who had his registration terminated and was banned for the maximum five years. The tax agent allegedly asked his employee to complete written assessments so he could dishonestly satisfy the qualifications required for registration in 2020 and then followed up with a string of breaches as a registered tax agent.
The alleged string of breaches included lodging multiple client tax returns containing false and unsubstantiated information, including claiming incorrect amounts of business losses and work-related expense deductions. The tax agent’s clients were alleged to have penalties imposed as a result of the lodgments.
The tax agent was also alleged to have failed to meet the ATO lodgement dates for his tax agent business, further demonstrating a pattern of negligent behaviour. [LTN 174, 9/9/21]
[Tax Month – September 2021] 3.10.21