Equipping professional accountants for sustainability
The International Federation of Accountants has developed a concise resource to guide accounting professionals and...
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The tax debt collections powers granted to the ATO may put taxpayers on the back foot, says one tax barrister but advisers should not shy away from negotiating with the tax office to minimise the damage.
The ATO’s use of tax debt recovery action has been thrust into the spotlight in recent times, with its use of garnishee notices questioned following allegations made during an ABC Four Corners program, sparking separate investigations from the Inspector-General of Taxation and the Australian Small Business and Family Enterprise Ombudsman.
Read more at the Accountants Daily.