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Showing 1 - 10 of 12 results for "Ian Klug"

Tax agent banned for dishonesty

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
... integrity of the tax system and the reputation of the tax profession at risk, the TPB will act firmly and swiftly," TPB chair Ian Klug said. "Over 88% of consumers have high levels of trust in their tax practitioners - we need to protect this consumer ...

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
... professional duty to act honestly. He repeatedly, deliberately chose to mislead the ATO," the tribunal found. TPB chair Ian Klug said the case should serve as a reminder to tax practitioners that there are serious consequences for dishonesty. "The terminations ...

Jail time for tax adviser

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... orders and his behaviour has put his clients at risk and undermined the integrity of the taxation system," TPB chair Ian Klug said. "The TPB will continue to target unregistered preparers to ensure the professional and ethical standards of the tax profession ...

Fake tax agent penalised

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... the contraventions and voluntarily disclosed the client records and her income for the services she provided. TPB chair Ian Klug said Caolboy undermined the tax profession and system by misrepresenting herself as a registered tax agent. "We believe the ...

BAS agents to expand service offering

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
... builds on the services that BAS agents have already been providing under the previous legislative instrument. TPB chair Ian Klug said the consultation process was positively supported by stakeholders. "The new legislative instrument provides additional ...

Calls to axe TPB for financial advisers

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... duplicates regulation already applied to the industry by ASIC and the associations. As Berry departed the TPB, chair Ian Klug acknowledged her contribution. "Ms Berry has provided great insight in her understanding of the wider financial adviser landscape ...

TPB bans tax agent over COVID-19 fraud

ALLY SELBY  |  FRIDAY, 9 OCT 2020
... client, reporting an amount that the client was not aware of and which could not be substantiated, the TPB said. TPB chair Ian Klug said the misconduct of TLL and its director Tong was gravely concerning. "To fraudulently claim COVID-19 stimulus payments ...

FPA, TPB to share information

ALLY SELBY  |  FRIDAY, 26 JUN 2020
... opportunity to work more closely with the TPB on encouraging professional behaviour for the protection of consumers." TPB chair Ian Klug said the tax organisation had received several expressions of interest from other professional organisations, with ...

TPB cracks down on 74 tax practitioners

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAY 2020
... on regulators like the TPB, the ATO and tax practitioners to ensure that these funds are properly managed," TPB chair Ian Klug said. "The TPB will be demanding an explanation from all 74 tax practitioners." He added that there will be serious sanctions ...

BAS agents to give financial advice

ELIZABETH MCARTHUR  |  FRIDAY, 17 APR 2020
... extraordinary stimulus package. The Tax Practitioners Board registered the new legislative instrument yesterday. TPB chair Ian Klug said that the new instrument will allow BAS agents to advise on JobKeeper without fear of where they stand legally. "This ...
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