tax agents

Tax (financial) adviser? You are required to follow confidentiality requirements to keep your registration

As every registered tax practitioner knows, retaining such registration (and therefore maintaining your ability to charge clients for your services) requires adherence to several conditions set out by the Tax Practitioners Board (TPB). Registered tax practitioners includes tax agents, BAS agents, and now tax (financial) advisers. All must comply with the Tax Agent Services Act

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Substantiation exception for reasonable travel allowance expenses

One of the issues that Tax & Super Australia finds frequently raised by members is the tax treatment of work related travel expenses, as well as the reliance on the “reasonable amounts” prescribed by the Commissioner. In our view, the current ATO guidance may not adequately cover the issues encountered by practitioners and taxpayers. Often,

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Think you know BAS backwards? It may not satisfy the TPB

Think you know BAS backwards? It may not satisfy the Tax Practitioners Board (TPB). Late last year, Mervyn Walsh lodged an application with the TPB for registration as a BAS agent. This was consequently knocked back by the TPB, and the reasons for it doing so may be salient and educational for both practising and

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PLS authorisation errors? Check the identity

Tax professionals getting used to the ATO’s practitioner lodgment service (PLS) need to be aware of some common lodgment authorisation errors. When using its PLS, the ATO says new clients must be added to a practice’s client list before lodging. “If you try to lodge before adding new clients, the lodgment won’t be accepted and

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Attention: BAS agents! An extension of services

Attention: BAS agents! An extension of services. If you are a BAS agent registered with the Tax Practitioners Board (TPB), you should be aware that you can provide services in the areas of FBT, GST/BAS and PAYG. From 1 June 2016, the TPB has now extended the definition of a BAS service to enhance your

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