ATO getting tough on those who don’t respond
The Australian Taxation Office said it is instigating stronger action for people who have not met their tax...READ MORE
While licensed accountants are completing the fact-find or questioning process with clients in an effective and thorough manner, many still fail to record adequate notes of this information, according to an industry consultant.
Mayflower Consulting director Sarah Penn said the main compliance issue for licensed accountants continues to be substantiating the basis of their advice, and the ability to demonstrate they have all of the relevant information.
Read the full story at AccountantsDaily.