PDA

View Full Version : Australia accountancy


Andrew Mac.
Nov 28, 2009, 10:23 AM
I lived in NSW for some years and I have retired to London. While in NSW my domestic partner(de facto) and I bought a small business t orun as a partnership. The business was not profitable and over a period of three years I did additional work and the earnings from this work was paid into the partnership.

Sinc I returned to England my partner lodged three years returns with the ATO which have since been recognised as corrupt and result on a fraud on the tax office. Being at the disadvantage of being in England it took some time for me to have my partner and the accountant agree to amendments which would out this right. I have only just discovered thaty the amendments which would have corrected the situation were never lodged and that after two years we have run out of time.

The acountant tells me that there is nothing I can do about this and I have to live with the fact that we have lodged three years returns which defraud the tax office.

My response has been that I will not ber party to a fraud on the tax office and that it will be corrected even if I have to dob myself in.

Now for the question. I had no part in lodging or approving these corrupt accounts. Since discovering them I have done everything in my power to persuade both my partner and the accountant to prepare and register the amendments. (The acountant told me the amendments had been made)

How are the tax office likely to respond to me exposing the fraud in order to have it put right.

I estimate thet approx $120,000 of taxable income has been covered up. I fully expect to pay my share of the tax. (I am incidentally seventy nine and I have a well advanced prostate cancer) I would be gratefull for any advice any one can give me.. With thanks... Andrew Mc Donald

AtlantaTaxExpert
Nov 30, 2009, 03:30 PM
Not sure how the Australian Tax Office would respond to this, since I have NO dealings with that government body.

In the U.S. the managing partner (the person who SIGNS the tax return) and the preparing accountant would be the party who would be held criminally liable for the falsified tax return.

As a participating partner, you may be held financially liable.