The ATO says it recently undertook lodgment compliance action against several tax agents who incorrectly advised they had no requirement to lodge personal or business tax returns. The ATO says these tax agents were running active businesses, lodging significant numbers of returns for clients. The ATO notes that registered agents who fail to comply with tax laws, including meeting their personal tax lodgment obligations, are at risk of breaching the Code of Professional Conduct, administered by the Tax Practitioners Board (TPB).
[LTN 237, 8/12/14]