Victorian tax agent receives maximum ban

Victorian tax agent receives maximum ban

A tax agent from Victoria has received the maximum penalty for dishonestly obtaining his registration as a tax agent and committing further breaches while operating his company. Srinivasarao Jakkampudi has had his registration terminated by the TPB and was banned for...
ATO teaches small businesses to spot financial crimes

ATO teaches small businesses to spot financial crimes

To help SMEs identify bad actors who might be trying to take advantage of them, the ATO’s Serious Financial Crimes Taskforce has assembled an “identikit” with resources to help business owners understand what to look out for. “While ‘hardcore’ criminals might be...
ATO prosecutions fall by 70% in FY21

ATO prosecutions fall by 70% in FY21

The ATO was able to mount just 198 successful summary prosecutions during the 2020-21 financial year, according to newly released tax crime prosecution results released this week, down from 641 the year before, and 1,152 for FY18-19. Read more at Accountants...