Tax Practitioners Board terminates registration of Melbourne-based accountant and his companies, citing failure to act honestly, tax evasion and “kickback” wage schemes that undermined professional standards.
Australia’s Tax Practitioners Board (TPB) has terminated the tax agent registration of Parampreet Singh Rajput, the principal of KPG Taxation, and imposed a four-year ban on him and his associated companies from reapplying for registration.
The decision, announced in recent days, follows investigations into allegations of tax evasion, failure to meet personal and business tax obligations, and workplace practices that included requiring employees to pay their own wages in a so-called “kickback” scheme.
The TPB determined that Rajput no longer met the requirement of being a “fit and proper person” to practise as a tax agent and had breached multiple provisions of the Code of Professional Conduct under the Tax Agent Services Act 2009.
Violations include tax evasion and wage exploitation:
Court records from the Federal Circuit and Family Court of Australia in January 2025 found that Rajput’s company, KPG Taxation, breached the Fair Work Act after an employee was required to fund her own wages. Media investigations, including by A Current Affair, detailed claims that some workers were treated as “paying for the privilege” of employment.
The TPB investigation also examined Rajput’s personal and corporate tax compliance, concluding that he had engaged in deliberate conduct aimed at minimising tax obligations and failed to act with honesty and integrity.
Several companies linked to Rajput, including P&G Accounting Solution Pty Ltd (trading as KPG Taxation), KPG Taxation Sydney Pty Ltd, KPG Taxation Tasmania Pty Ltd, and others in Brisbane, had their tax agent registrations terminated alongside his.
Rajput is now prohibited from providing tax agent or BAS services, either directly or on behalf of another registered practitioner, until at least 2030.
TPB emphasizes safeguarding public confidence:
The Tax Practitioners Board said the sanctions were necessary to protect the integrity of the tax system and maintain public trust in registered tax professionals.
“Serious misconduct of this nature undermines confidence in the tax profession,” a TPB spokesperson stated, adding that the regulator would continue to act firmly against practitioners who fail to uphold ethical and professional standards.
Clients of KPG Taxation have been advised to seek alternative registered tax agents. The TPB maintains a public register to help taxpayers verify the status of practitioners.
Wider context of TPB enforcement:
The case is among several high-profile bans issued by the TPB in recent years as it cracks down on misconduct ranging from false lodgements and misappropriation of client funds to failures in supervision and personal tax compliance.
Rajput’s ban comes amid growing scrutiny of the tax advice industry, particularly practices affecting vulnerable migrant workers and small businesses in multicultural communities.
Rajput and his companies have not publicly commented on the TPB decision. Appeals against such determinations can be made to the Administrative Review Tribunal, but the ban remains in effect unless successfully challenged and stayed.
The development serves as a reminder to tax practitioners across Australia that breaches of the Code of Professional Conduct-particularly those involving dishonesty, exploitation or non-compliance with tax laws-can result in the maximum penalties of deregistration and extended bans.