In January 2013, the Tax Practitioners Board (TPB) took action against an individual for charging a fee for the preparation and lodgement of 49 Income Tax Returns and Business Activity Statements (BAS).
The practitioner was NOT registered with the TPB as a BAS or Tax agent, but despite this, he presented himself to clients on 20 occasions and proceeded to lodge tax returns. In order to process these returns electro
nically, he had been using the tax agent number of a registered agent without their knowledge or consent.
The practitioner was ordered to pay $30,000 by the Federal Court for breaches of the Tax Agent Services Act (2009).
A Chairman of the TPB said in response to the case:
“One of our key priorities is to protect the community from the actions of unregistered agents. We encourage consumers to use services provided by registered Tax and BAS Agents. Registered agents are bound by a Code of Professional Conduct and must meet standards of ethical and professional behaviour.”
“If consumers are going to engage a Tax or BAS Agent, including preparing and lodging tax returns, they should check first that their agent is registered. The TPB maintains a register on our website for the purposes of checking the registration status of an agent.”
Read the original article Here
As registered BAS Agents, we are not only required to adhere to our Codes of Conduct, we are also required to have obtained a minimum level of education and experience in our fields. We are also required to maintain our training by accumulating a certain number of hours study each year. We maintain both public liability and professional indemnity insurance and must be a member of one or more professional bookkeeping or accounting associations.
By ensuring you have engaged the services of a registered agent, you are also ensuring that your financial data is being processed by someone with the appropriate skills and training required to know how to comply with ATO regulations.
You can check the status of your Agent Here