Published on 12 Mar 09
by NATIONAL DIVISION, THE TAX INSTITUTE
All tax agents will need to review their structures and procedures to ensure they are not in breach of any of the requirements of the new regime. This paper focuses on the things you need to do to ensure that the new regime will not adversely affect the ongoing operation of your practice including:
adequate supervision and control of employees
outsourcing to related entities, Australian entities and offshore entities
structures that can be used including partnerships and trusts
the Code of Professional Conduct
updating engagement letters and ensuring instructions are adequate
penalties for taxpayers relying on tax agents versus sanctions on tax agents for breach of the Code.
Sue Williamson CTA-Life
Sue leads EY's Melbourne Tax Controversy practice. She has acted in various AAT, Federal Court, High Court and Supreme Court cases relating to various Commonwealth and state taxes, and has advised clients on a broad range of taxation issues including income tax, GST and PRRT. Sue is also an accredited mediator and has assisted clients in resolving disputes using various alternative dispute resolution mechanisms. Sue is a member of the ATO Dispute Resolution Committee and is a former president of The Tax Institute. Current at 23 June 2016
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
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