ATO coming for lawyers over tax failures

by

Ed.

From www.lawyersweekly.com.au: Approximately 85% of lawyers in Australia are at risk of disciplinary action due to failing to lodge tax returns, according to the ATO.

A review of over 250 lawyers revealed significant tax liabilities, with one practitioner owing $8.6 million for multiple years of unfiled returns.

The ATO emphasises the importance of meeting tax obligations to avoid penalties and potential loss of practicing certificates.

Filed under: Tax - General