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The ATO does NOT give verbal advice. It has enquiry lines that are manned by unskilled people. They can refer to specialist areas who will always indicate their view but its not binding or enforceable. It usually impossible to describe the precise details of every issue anyway so their view is...

Yep. And some of them actively search for the dumbo who will do it no questions asked. (Gary loves that word.) Tax shoppers I call them. I have had some appear in my office with a return from another agent and seek a second opinion. Reality is they haven't paid them either. They get demanding...

That's even worse. Typically a ABN relates to the enterprise (ie an activity). An ABN never relates to an entity...Novice small business DIY mistake no#1 is the assume that the whole of the entity operations are unde an ABN. You can paint yourself into a GST corner. An entity can operate more...

Wrong. Intention is irrelevant for GST being claimed. If you intend to rent you wouldn't have an ABN (MT 2006/1) and certainly wouldn't be registered for GST. So perhaps fraud was intended ?? GSTR 2009/4 explains all.

Actually under the Tax Practitioners Board regime it may well be the accountant who foots the penalties and interest if that is their advice. But verbal advice is worth squat. The tax agent will just say "I didnt say that"". The TPB can impose sanctions / penalties on the accountant. The tax...

No. Its asking for penalties too. One of the peculiarities about GST being a simple tax is - that it isn't simple. She should be recording and identifying the GST she has incurred. This is because the clock ticks for GST and selling within the first 5 years can impose GST on the sale. Its a...