The Tax Practitioners Board (TPB) has warned Australian businesses and individuals to be aware of a number of scams circulating as fraudsters posing as tax experts attempt to swindle Aussies out of COVID stimulus measures and more.
TPB Chair, Ian Klug AM said, ‘We are investigating organisations operating in this way to establish how, and which, services are being provided and whether they are in contravention of the law.’
‘We are concerned about protecting the consumers of taxation services as we know the accuracy of the advice given by unregistered agents is not reliable and there is no safe way to ‘assure’ advice by an unregistered tax adviser simply by involving a registered agent on the fringe of the business.
“Incorrect advice may prevent the full amount of the benefit from reaching its intended recipients. Also, incorrectly received benefits may have to be repaid and recipients may be liable for penalties and interest.’’
Klug said any small business or individual unwittingly caught up in unfair contracts with businesses offering ‘assured’ tax services should seek legal advice.