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A former tax agent has been sentenced to 5 years in jail, with a non-parole period of 3 years, for obtaining financial advantage by deception and knowingly dealing with the proceeds of crime. Gavin Swan fraudulently obtained almost $600,000 from 127 clients through his position as Principal Accountant at Absolute Accounting on the Central Coast, … Continued
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Former tax agent, Gavin Swan has been sentenced to 5 years in jail with a non-parole period of 3 years. for fraudulent behaviour and dealing with the proceeds of crime. Mr Swan was also ordered to repay $600,000 to victims ‘This case involved fraudulent activities, including theft and money laundering of approximately $600,000 from over … Continued
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More money in retirement may be on the table for Australians currently missing more than $17.8 billion in lost and unclaimed superannuation. Latest data from the Australian Taxation Office (ATO) has revealed many Australians have forgotten to update their contact details so their super fund can’t find them. Deputy Commissioner Emma Rosenzweig said the ATO … Continued
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A Perth man has been sentenced to 2 years in jail, to be released after having served 6 months for dealing with the proceeds of crime through GST fraud, contrary to s 400.4(3) of the Criminal Code (Cth). Mr Lee Sheridan provided his personal details to another person, wilfully blind that the person would use … Continued
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Rob Heferen, Commissioner of Taxation Commissioner’s address to The Tax Institute’s Tax Summit 2024 Sydney 12 September 2024(Check against delivery) Thank you Scott for the kind introduction, and thank you to The Tax Institute for hosting a great event. I’d like to acknowledge the Traditional Owners and Custodians of the land that we meet on, … Continued
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The Australian Taxation Office (ATO) is giving taxpayers some simple steps to help avoid an unexpected tax bill next tax time. Assistant Commissioner Rob Thomson said there are many reasons that a taxpayer may end up with a bill at tax time. ‘There are a number of factors that impact your tax assessment. In simple terms, if … Continued
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A former tax agent and his client have been sentenced to a combined 10 years and 6 months in jail for fraudulently claiming tax refunds and intentionally avoiding paying income tax, contrary to section 134.2(1) of the Criminal Code (Cth). Banned tax agent Ravindra Narayan from Melbourne was sentenced to 5 years and 6 months imprisonment, with … Continued
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The Federal Court has handed down the highest total civil penalty for a Tax Practitioner Board (TPB) application against Sydney unregistered preparer, Jaydn Van Dyke. Mr Van Dyke was issued with a $1,800,000 penalty for 3,300 separate contraventions of the Tax Agent Services Act 2009 (TASA) when he prepared and lodged income tax returns, for … Continued
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The Australian Taxation Office (ATO) is encouraging taxpayers to consider what work-related expenses they will be looking to claim in the new financial year, and what records they will need to substantiate those deductions. ATO Assistant Commissioner Rob Thomson said work-related expenses are a key focus for the ATO. ‘Work-related expenses are the largest category of … Continued
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A South Australian man has been sentenced to 6 years and 6 months in prison, with a non-parole period of 3 years and 8 months, after he obtained over $1 million in fraudulent GST refunds. Mr Shaun Both fled to Western Australia in 2019 to avoid facing court in South Australia on refund fraud charges. The … Continued
