Figures released by the ATO this week showed myTax lodgements growing fivefold since the app was introduced and 9 per cent in 2019–20 alone, eroding the share of returns done by tax agents from a peak of almost three-quarters in 2013–14 to less than two-thirds.
But CPA Australia senior manager of tax policy, Elinor Kasapidis, said some people relying on the app could fail to recognise potential pitfalls.
Shared from Accountants Daily
