Tax debt and implications for Queensland law practices

In this article, we highlight potential tax administration traps for Queensland law practices which they should be aware of, particularly in light of upcoming renewals. Accountants and tax practitioners often liaise with the Australian Taxation Office (ATO) on behalf of clients in the context of debt management, including to seek extensions of time and/or to arrange payment arrangements for outstanding debts. Whilst it is not uncommon for these arrangements to be entered into, particularly on behalf of small businesses, consideration needs to be given to any adverse ramifications that may arise for clients who are members of professional bodies, including for instance...