350 tax practitioners under investigation in Australia

Australia's Tax Practitioners Board (TPB) has revealed that it is currently investigating more than 350 tax practitioners who are suspected of high-risk behaviour. High-risk behaviours have been listed by the board as including a failure to meet personal tax obligations, over-claiming work-related expenses on behalf of clients, egregious conduct considered "black economy behaviour", non-lodgement of annual declarations and non-compliance with continuing professional education requirements. According to the Tax Practitioners Board, a number of the cases were a result of referrals from ...