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.