Accountants preparing SMSF returns - beware of audit

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Uploaded by on Apr 21, 2010

Accountants lodge more than 98% of SMSF tax returns. So who better to audit for compliance, say the ATO. Thats why this years income tax compliance program focuses on tax agents.

The ATO says that accountants are the key. Accountants influence taxpayer behaviour and attitudes. So often the ATO blames accountants for non-compliance, rather than the clients themselves.

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