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READ MORETax 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.
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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