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  Miscellaneous 2013

Review of tax agent services regime with a focus on reasonable care

Source: New South Wales

Published Date: 16 May 2013

 

Looking at the issues from the perspective of an SME practitioner, this presentation explores:

  • What the Tax Agent Services Code of Conduct requires, particularly in respect of the need to take reasonable care
  • What level of reliance can a tax agent place on a client’s records?
  • What records must a client keep and why?
  • Does a tax agent need to conduct some form of detailed review or audit of a client’s records in order to satisfy the reasonable care requirement?
  • Can a tax agent exclude particular aspects from the scope of their engagement and still meet the reasonable care requirement?
  • Is it possible to meet the best practice standards expected by the ATO?
  • What happens if a tax agent doesn’t meet the standard expected by the ATO?

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Author(s)

Individual Session

Review of tax agent services regime with a focus on reasonable care

Author(s): Adrian Abbott CTA
Materials from this session:

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Details

  • Published By: Adrian Abbott CTA
  • Published On:16 May 2013
  • Took place at:Hilton, Sydney

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Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

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The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

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