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Tax agent melbourne

A disgraced tax agent scheduled for release from Fula Correctional Centre on Saturday after serving three years in jail for cheating more than $4 million, although the Australian Tax Office is still investigating his past clients for unpaid taxes.<br><br>Richard Hogg, 59, is expected to be back to one of three Cheltenham detached houses he co-owns and which have been funded with the benefits of his tax evasion scheme.<br><br>Besides declining to comply with the request to pay $1.1 million in restitution to some of his victims, he holds a share in some other piece of property in Cheltenham valued at up to

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Tax agent melbourne

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  1. Sham taxagent walks free while ATO continues to chase clients. Accounts NextGen

  2. A disgraced tax agent scheduled for release from Fula Correctional Centre on Saturday after serving three years in jail for cheating more than $4 million, although the Australian Tax Office is still investigating his past clients for unpaid taxes.Richard Hogg, 59, is expected to be back to one of three Cheltenham detached houses he co-owns and which have been funded with the benefits of his tax evasion scheme.Besides declining to comply with the request to pay $1.1 million in restitution to some of his victims, he holds a share in some other piece of property in Cheltenham valued at up to $3 million.

  3. In 2019, the self-described "taxspecialist" declared bankruptcy although incarcerated, owing to the ATO more than $3.4 million.The case has brought to light flaws in Australia's Proceeds of Crime Act, which allows the Australian Federal Police to seize assets from criminals but not reimburse victims.It also poses serious questions about the Tax Office's operation, which has vigorously investigated Hogg's clients even though they have no awareness or participation in any of his wrongdoing.The Tax Office levied interest and penalty rates in some instances and hired Dun and Bradstreet to collect a few of the unpaid debts.

  4. Sandra MacFarlane said the IRS harassed her over $130,000 in unpaid taxes after losing $66,000 in Hogg's illegal scheme, which County Court judge Duncan Allen described as a "dishonest fabrication intended to deceive the client so the accused could benefit."She claims that the Internal Revenue Service is exacerbating Hogg's financial and psychological loss.The ATO has made it clear that it has no intention of supporting his illegal properties. They've opted to go for the easy targets, the low-hanging fruit. Meanwhile, Hogg is set to walk out of prison debt-free this week, owing millions to himself, while his perpetrators are saddled with massive debts.

  5. A spokesperson for the Tax Office, on the other hand, defended the agency's actions, claiming that it collaborated with victims to obtain "equal and equitable results."LINKED ARTICLEShirley Sun does Pilates in her studio.The retail industrySmall companies are under pressure as the possibility of insolvency grows.Since pleading guilty to scores of cheating and deceit offences concerning 15 clients in 2018, Hogg was sentenced to a period of three years in prison.

  6. Hogg defrauded 56 former clients, along with the best man at his wedding, fellow students from his alma mater, Mentone Grammar, two AFL footballers, and even older couples on the verge of retirement, according to The Generation.The majority of previous clients were struggling smallbusiness owners in Melbourne's bayside suburbs.Hogg deceived clients for more than two decades by claiming to be an accountant, which he never was. He said that if they paid their taxes into a "unit trust" or bought "business losses," he could lower their tax liabilities.

  7. He diverted up-front fees through his customers to his corporation's bank accounts when filing false expense statements on his customers' annual tax returns to mitigate their ATO liability.His criminal proceeds were used to fund annual overseas vacations, gambling binges, a Maserati luxury car, and real estate investments.Hogg's wrongdoing was only discovered when one of his customers complained to the ATO for not fulfilling their financial obligations.In 2018, the AFP issued asset-confiscation proceedings on three assets owned by Hogg in Cheltenham, Elwood, and Bonnie Don and confiscated the proceeds from the sale of the Elwood house.

  8. "In this matter, the ATO is providing personalized assistance to all impacted taxpayers while mitigating any negative effects." "We've worked with a variety of taxpayers to settle their issues," an ATO spokeswoman said.According to the spokeswoman, "the ATO provides long-term interest-free payment plans and, on occasions, will exempt a victim of crime from their tax obligation if payments cause substantial economic difficulties."At AccountsNextGen, we will help you understand professional knowledge if you're an accountant, a company owner, a new immigrant, a college graduate, or none of the above. If you are looking for tax agent Melbourne, then contact us.

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