Newsletter from the Tax Practitioners Board
Having trouble viewing this email? Click here to view the content online
Issue 39 | March 2020 - General edition
TPB news

Enhanced TPB Register 

Our TPB Register has been enhanced to improve transparency for consumers of tax practitioner services. It includes more information about tax practitioners, such as detailed reasons for any sanctions and renewal rejections. Our Register enables consumers of tax services to be more informed and supports the majority of tax practitioners operating legally and ethically. We expect consumers will check the register to avoid using unregistered practitioners and potentially being exposed to fraud or unexpected tax liabilities and penalties. 

Learn more.

Help shape the future of CPE 

We’re reviewing our current policy on continuing professional education (CPE) to make sure it’s still fit for purpose. This is a great opportunity for you to have your say in shaping the future of CPE, to help us understand your views and provide input for our policy requirements for the future. All feedback received will be considered before we decide on the next steps. Don’t miss your chance – send us your feedback by Wednesday 18 March. 

Learn more.

Practice management tips

Don't miss our free webinars!

Join us tomorrow, Thursday 12 March, for two webinars and claim CPE for attending! Learn about your obligations when dealing with client money at our first webinar. At our second webinar, we’re teaming up with the Australian Taxation Office (ATO) to discuss how you can verify your clients’ state of affairs and apply tax laws correctly. 

Register now.

Webinar recordings on YouTube 

Missed out on any of our webinars? We post all our recordings on our YouTube channel for you to access anytime and you can still claim CPE for watching them. You can also subscribe to our channel to receive notifications when new recordings become available. View our latest webinar recordings on Payroll and digital service providers – do you need to register with the TPB? and Tips for completing your annual declaration and proof of identity check

Learn more.

Supporting your BAS agent clients

We’ve created an Information for clients factsheet you can use to provide to your BAS agent clients. You can use the factsheet to explain to your clients your obligations to each other and the ATO as well as what can happen if either of you don’t meet your obligations. The factsheet also includes some interesting scenarios to share with your clients. 

Download it now.  

Want more tax specific information? 

Through our webinar feedback, you’ve told us you want to hear more about tax specific information. Did you know you can keep up to date with the latest tax news for tax practitioners by subscribing to the ATO’s Tax professionals newsletter? This is a free, weekly newsletter that provides important tax related information updates to help you stay on top of the world of tax. 
Learn more.

Your questions answered 

If you have questions about how to lodge your annual declaration or complete your proof of identity check, we can help. We’ve compiled some of the questions tax practitioners asked during our recent webinar to assist in making your lodgement process a quick and easy experience. It’s important to lodge your annual declaration before the due date so you do not breach the Code of Professional Conduct (Code) – code item 14, failing to respond to a request from the Board.

Learn more.

Using myGovID 

When using ATO myGovID, it’s important to not only comply with the ATO’s terms of use, but to also comply with your obligations under the Code. In particular, you must ensure that:

  • you act honestly and with integrity
  • you maintain confidentiality of client information; and
  • services you provide or are provided on your behalf are provided competently.

Learn more.


Failure to settle personal tax affairs 

A registered tax agent who had accumulated over $500,000 in tax debts and had several outstanding BAS lodgements had his registration terminated after he failed to comply with a Board order to bring his tax affairs up to date. The Board Conduct Committee (BCC) found that the agent was in breach of the Code and was not satisfied that the agent met the registration requirement of being a fit and proper person.

Learn more.

SGC debt and bankruptcy 

The BCC investigated a tax agent who became an undischarged bankrupt. They had incurred a personal income tax debt of over $55,000 and a superannuation guarantee charge (SGC) director penalty debt of over $350,000. An associated entity accumulated a business activity statement (BAS) debt of over $840,000 and an SGC debt of over $625,000. The BCC determined the agent had ceased to be a fit and proper person and terminated their registration with a two-year ban on applying for registration.

Learn more.

Non-application periods  

If we terminate your registration, we may also impose a maximum five-year period where you won’t be allowed to re-apply for registration. Our main reason for imposing a non-application period is to protect the public and the integrity of the tax profession. Our website now contains some information, including some factors that may be relevant when we determine what, if any, non-application period would be appropriate. 

Learn more.

Legislative update

Super Guarantee Amnesty  

On 6 March the Treasury Laws Amendment (Recovering Unpaid Superannuation) Act 2020 commenced. It provides a one-off amnesty to employers to pay any historical unpaid superannuation without attracting the usual penalties associated with late payment. We’re reviewing the Tax Agent Services (Specified BAS Services) Instrument 2016 to determine if the services in the Instrument should be expanded to include additional services relating to superannuation guarantee contributions. This may include assisting clients in making payments under the Amnesty.

Learn more.

Twitter Twitter
LinkedIn LinkedIn
YouTube YouTube
Facebook Facebook

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.
You received this email because you provided your email address when you registered with the TPB or you subscribed on our website.

If you no longer wish to receive TPB eNews, you can unsubscribe from this list