Tax evasion alert
Do you have concerns abouth your tax affairs? Did you know that in 2010/2011 financial year there were over 1,518 tax fraud convictions, with fines totalling more than $7 Million!
The Australian tax office is determend to catch tax evaders through various cross-referencing activities. If you are worried that an arrangement you are involved in may be abusive of the tax system, you can obtain independent professional advice from an accountant or tax advisor. Taxpayers that come forward prior to a tax office audit , and make a full true disclosure, may be eligible for reduced shortfall penalties.
