Tax agent company and sole director’s registration terminated (5 year no-application period) for debt, theft and incorrect declaration

On 13 August 2019, the Tax Practioners Board (Board) uploaded a news article advising that it had terminated the registration of a tax agent and imposed a 5 year period, during which the agent could not apply to be re-registered. And it wasn’t just for the $1.4m the agent owed in tax and superannuation debt.

See below details of why the agent’s registration was terminated.

FJM 16.8.19

[Tax Month – August 2019]