With the introduction of the new Tax Agent Services Act 2009 there are benefits to taxpayers who use a registered tax agent or BAS agent. If you are paying someone to do your BAS, make sure they are registered.
The new law includes a Code of Professional Conduct which aims to ensure services provided to you, by registered agents, meet appropriate ethical and professional standards.
Taxpayers are further protected by safe harbour provisions which may guard you from administrative penalties, where your agent did not take reasonable care.
About The Author
Warren Kruger is an Australian Tax Specialist and Advisor. For a FREE Report “7 Essential Strategies to Reduce Your Taxation NOW!”,enter your name and email address in the Opt In Box located on the top right hand side of this article.
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