Message from the Chair
Promoting registered agents
Tax time 2018 has commenced and our digital advertising has been encouraging small businesses seeking a tax or BAS agent to look for the Registered tax practitioner symbol and check if they are registered through the public register.
Digital advertising through Google, Bing, Yellow Pages, TrueLocal, LinkedIn and Gumtree resulted in more than 1.1 million advertisements appearing when small businesses were searching for a tax or BAS agent, and have so far generated more than 4,300 visits to the TPB Register.
Throughout tax time we will continue to raise consumer awareness of checking that their tax or BAS agent is registered. You can help by ensuring you use the Registered tax practitioner symbol to show that you meet the standards required to be registered as a tax practitioner and report to the TPB any issues where you think another is providing services for a fee whilst unregistered.
Having processed more than 12,000 tax (financial) adviser renewals by 30 June this year, the TPB’s focus will now be on early intervention and ensuring ongoing compliance by tax practitioners with registration requirements and the Code of Professional Conduct (Code).
In 2018-19 we will undertake reviews of practitioners continuing professional education (CPE) records to ensure compliance with our CPE policy and their renewal requirement. These reviews will provide insights into how tax practitioners are maintaining their knowledge and skills relevant to the services they provide that help us develop targeted guidance and support.
The TPB will also have a greater focus on helping to combat the black economy, ensuring compliance with taxation laws in the area of work-related expenses, unregistered entities and working with the ATO to identify and manage agents of concern. The TPB will also be responding to outcomes and any potential recommendations from the Inspector-General of Taxation’s review into the future of the tax profession.
These activities align with our risk-based approach to compliance, focusing our resources on issues where there is the greatest risk of harm to taxpayers and the community.
Ian R Taylor
Chair, Tax Practitioners Board