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Prosecution: Failure to Lodge Tax Return
Prosecution: Failure to Lodge Tax Return
Did you know it is an offence to fail to lodge an income tax return and can result in criminal charges and a criminal record.
The charge is heard by a magistrate at the Local Court.
Generally the ATO gives fair warning that you have failed to lodge a tax return (or BAS return) and sends you a letter. DON’T IGNORE THEM
If the ATO decides to prosecute they will issue what is known as a Court Attendance N
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International Tax
Tax: Don’t get caught by the global Common Reporting Standards (CRS)
The Common Reporting Standard (CRS) is designed to reduce tax evasion. It is a global reporting system and will affect all taxpayers who have bank accounts […][…]
International Tax
Tax Common Reporting Standard (CRS): Australian Chinese Community
Many of the Australian Chinese community may be affected by the Common Reporting Standard (CRS) the new international tax reporting system. The CRS is designed to […][…]
Superannuation
Superannuation funds not yours until you retire
One of the biggest mistakes you can make as a trustee/member of a Self-Managed Superannuation Fund (“SMSF”) is to treat the fund’s money like your own […][…]
Tax Advice
SME Business Protection – Tax Tips – Chinese Community
In a recent seminar for members of the Chinese community on SME Business Protection, Tania Waterhouse, taxation and superannuation specialist, gave helpful tax tips. Tania focussed on […][…]
Tax Audit
Payroll tax crackdown
The number of companies being audited over payroll tax compliance has dramatically increased and most companies audited have been found to have increased payroll tax liability. […][…]
