By David Olsen · 15 February 2010 · News
Tax agents are facing cashflow problems as the ATO's new income tax processing system has been delayed, putting thousands of refunds on hold. Will this crisis force accountants to rethink their fees?
Tax agents are facing cashflow problems as the Australian Tax Office’s (ATO) new income tax processing system has been delayed. The common practice of accountants deducting their tax preparation fee from taxpayers’ refunds has been put into turmoil as the ATO have not processed 705,000 tax returns since last year. Adrian Raftery, CEO of accountantsRus, […]