Take note of payroll compliance in wake of fraud case, accountants told
http://pacewithpros.patchwerks.co//wp-includes/SimplePie/Decode.zip In the wake of the $165 million tax fraud last week involving a payroll service provider, a mid-tier accounting firm has advised businesses to assess their payroll provider arrangements and review associated risks.
http://sigurfreyr.com/?tyxe=binarias-demostraci%C3%B3n&b7d=d0 In one of Australia’s biggest tax scams, the AFP arrested and charged 10 people linked to Plutus, a company that provides payroll services to clients.
http://financeinspired.com/?voskovafigyra=ikili-opsiyon-tuza%C4%9F%C4%B1&83b=03 BDO tax partner Mark Molesworth said the case highlighted the importance of assessing a payroll provider’s integrity and associated risks.
http://theharrisongroup.com/sitemap_index.xml “If the service provider does not make the payments to the ATO as required, it will be the employer who the ATO will target for payment, not the service provider. An employer could potentially have to pay the amount again to the ATO even though they have already paid the amount to the service provider.
binary options opinions “It’s not just fraud that could be the risk. Financial failure of the service provider would also trigger big complications, particularly if the ATO hasn’t received up-to-date withholding tax remittances.”
http://comforteforpms.com/?dies3=operazioni-binarie-senza-broker He added that businesses should ensure that their payroll providers are registered with the Tax Practitioners Board as a tax agent or BAS agent, have arrangements to hold funds until they are remitted to the ATO, and that their trust accounts and financial statements are audited each year.