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Brief
On 20/03/2025, the Australian Taxation Office (ATO) issued an update regarding Lawyers in our compliance spotlight. The ATO has raised $28 million by securing outstanding lodgments and detecting omitted income in returns, highlighting errors and omissions in tax reporting by lawyers. Compliance actions include reviews, audits, default assessments, garnishees, payment arrangements, and prosecutions, with prosecution potentially leading to findings that a lawyer is not fit and proper to practice law.
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