John Taylor, a tax consultant, charges his clients a fee based on the percentage of...
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Accounting
John Taylor, a tax consultant, charges his clients a fee based on the percentage of the tax he saves a client. John received a payment from a client, but he realised that Angela didnt declare income. Therefore, the income tax return that Johns prepared understated income tax liability.
1. Taking into consideration the Accounting Professional Code of Conduct explain the Tax Penalties and actions John should take following his discovery.
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