A tax agent who lodged thousands and thousands of {dollars} value of false statements has been banned from the career for a minimum of 5 years.
The Tax Practitioners Board terminated the licence of Isaac Brown for submitting false business exercise statements for greater than 15 shoppers, breaching the skilled code of conduct.
The Australian Taxation Office cancelled the lodgements, which might have resulted in additional than $3.57 million in refunds.
Mr Brown relies in Victoria and operates as Ausred Accounting.
The board says he additionally “misappropriated” consumer refunds by nominating them to be paid into his personal checking account or that of another person who was not entitled to the cash.
They mentioned Mr Brown fabricated letters on behalf of two shoppers, did not lodge statements for a corporation he’s a director of and broke registration necessities by failing to have skilled indemnity insurance coverage.
Tax Practitioners Board chair Peter de Cure hit out at Mr Brown for appearing dishonestly.
“This behaviour is inexcusable, and we have terminated Mr Brown’s registration to safeguard taxpayers and community confidence in the integrity of the tax system and profession,” he mentioned.
An announcement on behalf of the complete board mentioned the behaviour was particularly distressing for shoppers because it left them vulnerable to their info getting used fraudulently.
Source: www.perthnow.com.au
