Tax agent rego suspended after $100k shortfall detected

A company’s tax agent registration has been suspended for 12 months by the TPB following an audit by the Tax Office which found over $100,000 in tax shortfall for its clients.

by | Jan 16, 2019

Support swells for scrapping simple tax returns

According to the TPB, an ATO audit into the tax agent company’s lodgments saw the Tax Office make adjustments to 15 clients, with a tax shortfall of $101,653, penalties of $20,576, and an average adjustment to assessable income of $17,669 for each client.

Read more at the Accountants Daily.

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