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Honest Mistakes – BBQ Talk 20

Do I get in big trouble with the Tax Department if I make an honest mistake on my business or personal tax return?

Ans (Brad from Affinitas)

The Tax Office accepts that there are certain circumstances where despite the best of intentions, honest mistakes are made.

In these cases they will neither fine nor in any other way penalise a taxpayer. Using an appropriately registered tax agent should dramatically reduce the likelihood of these mistakes, provided that you fully disclose all your income and properly document your eligible expenses.

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