The new Tax Agent Services Legislation and how it affects bookkeepers
The Tax Agent services Act 2010 established a national board to register Tax Agents and BAS Agents, and a Code of Professional Conduct for these Agents.
A minimum educational qualification for BAS agents was specified, being Certificate IV in Financial Services (Accounting) or (Bookkeeping).
The Code of Professional Conduct has provisions in regards to:
- Honesty and Integrity
- Independence
- Confidentiality
- Competence
and other responsibilities.
Administrative sanctions and civil penalties may apply for non-compliance with the Code. This includes charging a fee for providing a bookkeeping service when not registered as a BAS agent.
Rest assured that if you utilise me as your external bookkeeper you will be dealing with someone who is fully compliant with the legislation.
You love the business. I love doing the books.
A minimum educational qualification for BAS agents was specified, being Certificate IV in Financial Services (Accounting) or (Bookkeeping).
The Code of Professional Conduct has provisions in regards to:
- Honesty and Integrity
- Independence
- Confidentiality
- Competence
and other responsibilities.
Administrative sanctions and civil penalties may apply for non-compliance with the Code. This includes charging a fee for providing a bookkeeping service when not registered as a BAS agent.
Rest assured that if you utilise me as your external bookkeeper you will be dealing with someone who is fully compliant with the legislation.
You love the business. I love doing the books.
