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Newsletter from the Tax Practitioners Board.
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Tax Practitioners Board newsletter
  ISSUE 14  //  February 2016 //  General edition  
 

Message from the Chair

The new annual declaration for tax and BAS agents commenced on 1 January. The annual declaration replaces the previous obligation for registered agents to notify us how they meet the TPB's professional indemnity insurance requirements each year. It is also a simple way all tax and BAS agents show they are meeting other registration obligations, including continuing professional education, fitness and propriety and personal tax obligations.
 
It is important that you complete your annual declaration when we email you to advise that it is due. As it is a formal request from the Board, your registration could be suspended or terminated if you fail to respond to our request.
 
Of the 371 annual declarations that were due by 1 January, the three agents who did not complete it on time are now being investigated. Of the 2,770 annual declarations that were due by 1 February, 82 agents did not complete it on time and are now being investigated.
 
If your annual declaration is due in March or April, please make sure you submit it on time to avoid an investigation.

Avoid an investigation
Complete your annual declaration when we email you 45 days before it is due. It is a simple form that takes around five minutes to complete online. Do not risk putting it off and forgetting to complete it later.

You can make sure our email appears in your inbox by adding us to your email contacts list.

Your annual declaration is due each year on the anniversary of your renewal date except in the renewal year. If you are unsure when it is due you can check your renewal date on the TPB Register.

Ian R Taylor
Chair, Tax Practitioners Board

 

IN THIS ISSUE

 

$81,500 penalty for providing and advertising tax agent services while unregistered

The Federal Court of Australia has ordered Ms Lorraine Amede of Brisbane and her company, Lamede Group Pty Ltd, to pay $81,500 in penalties for unlawfully providing and advertising tax agent services.

Read our media release

 
 

Attend a free webinar

Learn about how your business can adapt and continue to adhere to the Code of Professional Conduct. Attend our professional practice or regulation webinars on 17 March.

 
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Email requests and reminders

We use email to advise you when it is time for you to respond to us on important matters such as your registration renewal or to complete your annual declaration. You can make sure you receive our email requests and reminders by adding annualdeclaration@tpb.gov.au and enquirymanagement@tpb.gov.au to your email contacts list or address book.

 
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RSS feed update

An RSS feed helps you keep up-to-date with the latest changes and new content on our website.

We have recently updated the RSS feed for our website.  Please subscribe to our new RSS feed to be alerted about updates and news on our website. You may need a feed reader application to subscribe to a RSS feed.

 
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Labour hire or on-hire firms

After extensive consultation with stakeholders, we have finalised an information sheet to assist labour hire or on-hire firms to understand the tax agent services regime and decide if they need to register with us.

TPB(I) 26/2016 Labour hire/on-hire firms

 
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What would you like covered in eNews?

We would like your feedback on topics or issues you would like us to address in future editions of TPB eNews.

Provide your feedback

 
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About the Tax Practitioners Board
The Tax Practitioners Board (TPB) was established to regulate tax practitioners in order to protect consumers. The TPB assures the community that tax practitioners meet the appropriate standards of professional and ethical conduct.

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© Copyright 2016. You are free to adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the TPB or the Commonwealth endorses you and any of your services or products).