Level 2, U19 103 George Street Parramatta New South Wales 2150
Other records
Expiry date
01/12/2024
Condition
Sanctions
None on record
Appeal
Board decision
CXL Reason
Disqualification
None on record
Suspension
None on record
Termination
<strong>Date of Effect:</strong> 17/07/2023<br/><strong>Reason:</strong> 40-15(1)(b) company no longer meets registration requirements[POPUP_FOR_DETAILS]<br/><strong>Code breach(es):</strong> <ul><li>30-10(2) - You must comply with the taxation laws in the conduct of your personal affairs</li></ul><br/><strong>Registration requirement not met:</strong> <ul><li>20-5(3)(a) Company has ceased to meet registration requirement that each director is a fit and proper person</li></ul><br/><strong>Explanation:</strong> Endacott Pty Ltd<br>On 1 June 2023, after completing an investigation, the Tax Practitioners Board (TPB) decided to terminate the tax agent registration of company tax agent Endacott Pty Ltd, as the company had breached subsection 30-10(2) of the Code of Professional Conduct (Code) in the Tax Agent Services Act 2009 and ceased to meet the tax practitioner registration requirement that the company must satisfy the Board that each director of the company is a fit and proper person. <br>The TPB concluded that the company had breached the Code as its sole director was no longer a fit and proper person on the basis that they:<br>• failed to lodge a substantial number of activity statements for herself and her related entities by their respective due dates over a period exceeding four financial years<br>• failed to pay substantial taxation debts for herself and her related entities.<br>• made a false and misleading statement in her renewal application to the TPB as she failed to declare she had outstanding taxation obligations.<br>• had undertaken the conduct that led to the breaches of subsections 30-10(1) and 30-10(2) of the Code by Endacott Pty Ltd and CVM Australia Pty Ltd;<br>• failed to lodge a number of tax returns for herself and her related entities by their respective due dates over a period of financial years.<br>• failed to pay substantial taxation debts for herself and her related entities.<br>• failed to comply with payment plans agreed with the Australian Taxation Office (ATO) in relation to her overdue tax debts.<br>In making its finding regarding Endacott Pty Ltd, the Committee noted that lodgements for the Company were now up to date, however, that this could not mitigate the prolonged failure to address the outstanding taxation obligations and the quantum of the debt and so a termination of the Company’s registration was required however the Committee opted not to apply a non-reapplication period.