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:
You MUST fulfill considered one of these two coaching 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:
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:
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:
For extra details about tax agent registration necessities, try the Tax Practitioners web site right here.
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.