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Bookkeeper fined $30,000 for performing as unregistered agent

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A NSW man has been ordered to pay $30,000 in penalties by the Federal Court docket of Australia for breaches of the Tax Agent Companies Act 2009. Regardless of not being a registered tax agent or BAS agent, the person represented himself to purchasers as a registered agent on quite a few events. He additionally ready and lodged 49 revenue tax returns and Enterprise Exercise Statements (BAS) for a price, with out being a registered BAS or tax agent.

The Court docket discovered the defendant’s actions had been deliberate, and he had consciously misused a registered tax agent’s tax portal (with out that agent’s data) with a view to get round the issue of not being a registered BAS or tax agent himself.

The seriousness of the penalties displays the Tax Practitioner Board’s want to guard the group from the actions of unregistered people performing as brokers. Registered brokers should meet requirements and moral behaviour, and are certain by a Code of Skilled Conduct.

As we’ve beforehand defined in our article, Easy methods to Develop into a Registered BAS Agent, bookkeepers want a mixture of coaching and expertise with a view to qualify to register as a BAS agent:

BAS Agent Registration Necessities (For People)

  • • You have to be no less than 18 years of age to use for BAS Agent Registration.
  • • You have to be a ‘match and correct individual’
  • • You will need to have related work expertise
  • • You have to be certified

There are TWO coaching choices to qualify for BAS Agent Registration

Choice A:

  • • You will need to have been awarded a Certificates IV in Monetary Companies – Bookkeeping or Accounting – from a Registered Coaching Organisation or equal,
  • • You will need to full a TPB authorized course in primary GST/BAS taxation rules. This course might be included in your Certificates IV in Monetary Companies course

Choice B:

  • • You will need to have been awarded the next qualification than a Certificates IV in Bookkeeping or Accounting, additionally from a Registered Coaching Organisation or equal,
  • • You will need to full a TPB authorized course in primary GST/BAS taxation rules. This course might be included in your larger award course.

You MUST fulfill considered one of these two coaching necessities.

Expertise Necessities

Tax and BAS brokers put together various delicate authorized paperwork, so it’s not stunning that have can also be a prerequisite for registration. So as to qualify for registration, you’ll must exhibit working expertise:

  • • as a registered tax agent or BAS agent;
  • • underneath the supervision and management of a registered tax agent or BAS agent;
  • • of one other form, authorized by the TPB.

Work expertise should embody substantial involvement within the a number of of the BAS companies outlined by the Tax Agent Companies Act (2009). The precise time required consists of:

  • • 1400 hours related expertise within the final three years; or
  • • 1000 hours related expertise within the final three years in case you are a voting member of a recognised BAS Agent affiliation or a recognised tax agent affiliation.

BAS Agent Programs

Encourage Schooling gives two eligible programs that will help you full your BAS agent coaching necessities:

–          Certificates IV in Bookkeeping

–          Certificates IV in Accounting

Each of those programs embody non-compulsory, however ESSENTIAL models protecting GST, BAS and payroll:

  • FNSBKG404A Perform enterprise exercise and instalment exercise assertion job, and
  • FNSBKG405A Set up and keep a payroll system

Tax Agent Registration Necessities

For extra details about tax agent registration necessities, try the Tax Practitioners web site right here.

Easy methods to examine should you or your tax brokers are registered as a BAS or tax agent

The Tax Practitioners Board maintains an internet register of tax and BAS brokers in Australia. You’ll be able to examine whether or not your registration is updated, or whether or not your bookkeeper is registered, by going to the On-line Tax and BAS Agent Register.

If you don’t consider your agent is registered, otherwise you really feel the companies they’ve offered haven’t been to an acceptable moral or skilled normal, then you’ll be able to make a criticism to the Tax Practitioners Board.

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