Personal Taxes

“Pioneer”: TPB warns in opposition to apparent disregard for personal tax issues

TPB chairman Ian Klug said two recent cases pending before the Administrative Appeals Tribunal reflected the seriousness of tax officials who paid no attention to their own tax affairs and warned that the regulator would view such issues dire.

In both cases, the court upheld the TPB’s decision to dismiss the two tax advisors after determining that such violations were inappropriate for a tax adviser.

In July, Gosford tax advisor Grant Tomkinson was banned from Gosford for at least 18 months after it was discovered that he had failed to file two income tax returns, 27 business activity returns (BAS) and 12 BAS in his capacity as trustee of WT Martin & Associates.

He was also found to have failed to pay his employees’ pensions for six quarters and incurred a $ 64,753 annuity guarantee debt.

Separately, Grant McCarthy, the Brisbane-based tax advisor, waived his registration and refrained from reapplying for at least two years after accumulating over $ 860,000 in personal tax debt at the time of his hearing before the AAT.

Despite having made payment arrangements with the ATO, Mr McCarthy failed to do so, arguing that they were dependent on the TPB reinstating his registration.

“These decisions clearly show that failure to attend to your tax affairs can be called into question if a registered tax advisor continues to display the right qualities, such as honesty and integrity, to be registered as a tax advisor,” said Mr. Klug.

“Registered tax advisors are not only entrusted with the administration of their clients’ tax affairs, they are also taxpayers themselves. It is important that they lead the way by ensuring that they are performing their tax obligations in accordance with community expectations and tax laws.

“Both McCarthy and Tomkinson were carefree in their behavior in terms of paying tax bills on time and fulfilling their tax obligations. In doing so, they did not recognize the severity of their actions. “

The latest warning from the TPB comes as it wants to discuss new sanctions powers as part of its business plan for the coming year.

It has also signaled a renewed approach to working with other regulators, including the ATO, to use data-driven strategies to target high-risk practitioners and unregistered creators.

“Pioneer”: TPB warns against obvious disregard for personal tax matters

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Last updated: August 25, 2021 Published: August 25, 2021

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Jotham Lian

Jotham Lian

Jotham Lian is the editor of Accountants Daily, the premier source of breaking news, analysis and insight for Australian accountants.

Prior to joining the team in 2017, Jotham wrote for a number of national mastheads, including the Sydney Morning Herald and Channel NewsAsia.

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Jotham Lian is the editor of Accountants Daily, the premier source of breaking news, analysis and insight for Australian accountants.

Prior to joining the team in 2017, Jotham wrote for a number of national mastheads, including the Sydney Morning Herald and Channel NewsAsia.

You can send Jotham an email to: This email address is being protected from spam bots! You need JavaScript enabled to view it.

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