Australia tax law Stacy Casamedis is a registered tax agent. She has three branch offices and teaches
Fantastic news! We've Found the answer you've been seeking!
Question:
Australia tax law
Transcribed Image Text:
Stacy Casamedis is a registered tax agent. She has three branch offices and teaches undergraduates as a part-time lecturer at the local university. She has recruited 9 of her best students from her tax classes to interview clients and prepare returns. She is always available on the telephone if her employees wish to ask her a technical question. When she is busy Stacy lets these students use her ATO portal (a special ATO access system provided by the ATO to registered tax agents) and if necessary, use her electronic signature to lodge returns if things are very busy The Tax Practitioners Board (TPB) has received some complaints from Stacy's clients whose returns have been adjusted by the ATO and received penalties for false or misleading statements, and/or late lodgement. The TPB sent Stacy a letter asking her to set out her supervision and practice management systems. Stacy is too busy to respond because her mother is in hospital. The ATO informs the TPB that Stacy has not lodged her last 3 BAS quarterly statements for her practice. Required: Stacy has come to you for advice on whether if she has done anything wrong and if she will retain registration as a tax agent. Your answer must be supported by the Tax Agents Services Act 2009 and/or Tax Agents Services Regulations 2009 and other relevant TPB policy or rulings. Stacy Casamedis is a registered tax agent. She has three branch offices and teaches undergraduates as a part-time lecturer at the local university. She has recruited 9 of her best students from her tax classes to interview clients and prepare returns. She is always available on the telephone if her employees wish to ask her a technical question. When she is busy Stacy lets these students use her ATO portal (a special ATO access system provided by the ATO to registered tax agents) and if necessary, use her electronic signature to lodge returns if things are very busy The Tax Practitioners Board (TPB) has received some complaints from Stacy's clients whose returns have been adjusted by the ATO and received penalties for false or misleading statements, and/or late lodgement. The TPB sent Stacy a letter asking her to set out her supervision and practice management systems. Stacy is too busy to respond because her mother is in hospital. The ATO informs the TPB that Stacy has not lodged her last 3 BAS quarterly statements for her practice. Required: Stacy has come to you for advice on whether if she has done anything wrong and if she will retain registration as a tax agent. Your answer must be supported by the Tax Agents Services Act 2009 and/or Tax Agents Services Regulations 2009 and other relevant TPB policy or rulings.
Expert Answer:
Answer rating: 100% (QA)
Stacy Casamedis Potential Breach of Tax Agent Regulations and Registration Risk Based on the information provided Stacy Casamedis actions raise severa... View the full answer
Related Book For
Fundamentals of Law Office Management
ISBN: 978-1133280842
5th edition
Authors: Pamela Everett Nollkamper
Posted Date:
Students also viewed these law questions
-
When the invitation arrived, Joe Thompson and Cathy (Cat) Obertowitch were not sure what to do. The event looked promising, but the last time they agreed to attend a similar special event, they had...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
For the non-seasonal frequencies, use \(g \operatorname{lm}()\) to fit the additive exponential model \[ E\left(|\hat{Y}(\omega)|^{2}ight)=\beta_{0}+\beta_{1} \exp \left(-|2 \pi \lambda \omega|^{1 /...
-
Why was the International Labour Organization created and what influenced its structure and its mission?
-
Multiple Choice) (1) On a graph showing position on the vertical axis and time on the horizontal axis, a parabola that opens upward represents (a) A positive acceleration. (b) A negative...
-
A moving particle carrying charge \(e\) traveling to the right at \(2.5 \times 10^{7} \mathrm{~m} / \mathrm{s}\) initially feels no magnetic force. When a long current-carrying wire is placed...
-
Clarke Manufacturing Inc. operates the Patio Furniture Division as a profit center. Operating data for this division for the year ended December 31, 2012, are as shown below. In addition, Clarke...
-
a) The trial balance of Nyaguthie enterprises prepared as at 30th April, 2016 failed to balance. The difference was posted to a suspense account. On investigation, the following errors were revealed....
-
Using the graph above, answer the following questions: (a) If the firms' managers compete with each other, what are the price and quantity of computer monitors in the market equilibrium? (b) Suppose...
-
\(\sigma_{1}
-
Each chapter in the textbook contains a continuation of this problem. The objective is to learn how to do a comprehensive financial statement analysis in steps as the content of each chapter is...
-
If we have a large sample of data, then using critical values from the standard normal distribution for constructing a \(\boldsymbol{p}\)-value is justified. But how large is "large"? a. For a...
-
The data file collegetown contains data on 500 single-family houses sold in Baton Rouge, Louisiana, during 2009-2013. The data include sale price in \(\$ 1000\) units, PRICE, and total interior area...
-
The data file collegetown contains data on 500 single-family houses sold in Baton Rouge, Louisiana, during 2009-2013. The data include sale price (in \(\$ 1000\) units), PRICE, and total interior...
-
Draw an REA model with cardinalities for the operating events, resources, and agents in the Formula One inventory acquisition/payment process. keep the resource entities on the left, and the agents...
-
Data 9.2 on page 540 introduces the dataset Cereal, which includes information on the number of grams of fiber in a serving for 30 different breakfast cereals. The cereals come from three different...
-
Other than for billing clients, for what does management use time records?
-
You are the librarian for a large firm with a large library. On a piece of graph paper, illustrate how you would organize the library. Include placement of the following: a. Statutes b. Reporters c....
-
The ABA issued an opinion regarding outsourcing legal work. What are the seven things the ABA recommends attorneys do when outsourcing to an offshore outsourcing company?
-
Which of Stosurs statements regarding ETF mechanics is correct? A. Statement 1 B. Statement 2 C. Statement 3 Howie Rutledge is a senior portfolio strategist for an endowment fund. Rutledge meets with...
-
Factor (smart beta) strategy ETFs are least likely to be used by investors: A. to modify portfolio risk. B. for tactical trading purposes. C. to seek outperformance versus a benchmark.
-
Which of the following statements regarding applications of ETFs in portfolio management is correct? A. Equity ETFs tend to be more active than fixed-income ETFs. B. The range of risk exposures...
Study smarter with the SolutionInn App