Excerpt from speech by Jennie Granger, Second Commissioner of Taxation at the CPA Australia (NSW) Public Practitioners Conference:
Refund fraud is always high on our radar and this year we will be using new technology to enhance our detection capability.
This year, to complement our normal checks, lodgments through e-tax and other channels will be reviewed using automated analytic models designed to identify potentially unregistered preparers and cases of identify theft.
A significant concern to us is people who prepare returns for others without being a registered tax agent.
We have found that where an unregistered preparer claiming to be a tax agent is used to prepare income tax returns, there is an increased likelihood of the return containing inaccurate information leading to inflated refunds. Knowing this, we target our investigations to those particular ‘tax practitioners’. An example of our concern in this area is: 98% of the returns that were lodged by unregistered preparers that we have audited have required adjustment.
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Article by Christie Lewis
Christie is Practice Manager at Alan Lewis Accountants . Besides accounting, her passion is for all things small business (and blogging, of course). You can contact Christie directly at christie@lewistaxation.com.au.
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