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The tax office has issued a communication to taxpayers encouraging them to check the registration of their tax or BAS agent, and get in touch with the regulator if they suspect their agent isn’t registered.
The ATO yesterday told a database of taxpayers that they are potentially putting their businesses at risk if they are engaging with an unregistered tax or BAS agent.
This is in line with the Tax Practitioners Board’s campaigning to ensure on-time registration of tax professionals.
While the TPB has reported issues with the registration of tax (financial) advisers, tax and BAS agents have been largely compliant with their registration this year and historically.
The TPB is particularly pleased with the on-time registration of the BAS agent community, which has only been required to be registered with the TPB since 2010.
“Historically this was an unregulated profession, and there was no requirement prior to 2010 for these people to be registered. So having gone through that transition from an unregulated environment to now having all these BAS agents registered with and regulated by the board, that’s a much better place to be in than we were seven years ago,” said Ian Taylor, chair of the Tax Practitioners Board..
“BAS agents, throughout that process, have towed the line and done everything that has been asked of them,” he added.
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