Serious misconduct leads to termination
Taxpayers be guided by.
If you have your tax agent that accomplish your ITR, BAS’s, FBT’s and other tax returns. Your tax agent’s registration may terminate if they fail to act honestly and with integrity, and failing to comply with the taxation laws in the conduct of their personal affairs, by:
- providing false and misleading information to the ATO regarding sharing of confidential taxpayer information, in allowing another individual to use their personal MyGovID credentials to lodge BASs for two clients without authorisation;
- not declaring all reportable and assessable income in their personal income tax returns, including income derived from the provision of tax agent services.
- not lodging tax returns and BAS’s by their due dates; and
- failing to notify the BCC that they had ceased to hold professional indemnity (‘PI’) insurance.
So, are you afraid that your tax agent might fall on the said lists?
Come visit us or call us.
Here in Progress CA, we make sure that we keep up to date with the tax updates and meet the code of conduct which is our commitment.
Yan (Jenny) Qi CA
Founder of Progress CA Pty Ltd
Contact no. 0403 050 779
Are you looking for an advisor that will keep you up to date and provide guidance and tips like in this blog? Then why not contact me at our Falconbridge office or Luera office in Blue Mountains office to arrange a one-on-one consultation? Just Book Free consultation up on the right to find the appointment options.
Yan Qi CA
Mobile: 0403 050 779
This information has been prepared without taking into account of your objectives, financial situation, or needs. Because of this you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation, and needs. This website provides an overview or summary only and it should not be considered a comprehensive statement on any matter or relied upon as such.