Getting your practice and clients ready for the new tax agents services regime presentation

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 presentation 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:

• registration requirements
• 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.

Author profile

Sue Williamson CTA-Life

Sue is a partner at EY specialising in tax controversy. Sue has worked in tax for more than 25 years, including roles in major law firms and executive roles within the firms in which she has been a partner. Sue was the President of The Tax Institute in 2008, has been a member of several advisory boards, has participated in many consultative forums and lectures in the University of Melbourne Masters of Law program. Sue was a member of the instructing solicitor team working on the Placer Dome litigation. - Current at 26 June 2019

More by Sue WILLIAMSON

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• The new Tax Agents Services Regime - Setting up the procedures necessary to comply with your obligations paper - 09-October-2009
• Getting your practice and clients ready for the new tax agents services regime paper - 12-March-2009
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• President's Report: Keeping our Members informed - 01-November-2008
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• President's Report: Tax Agent Services Bill - 01-July-2008
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• Cover story: Tax litigation and dispute developments - 01-June-2008
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• Tax litigation and dispute development: Where are we now and where are we heading paper? - 13-March-2008
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• President's report: Setting the agenda for 2008 - 01-February-2008
• CGT: consideration and cost base paper - 12-October-2007
• Do You Have the Appropriate and Right Documents? - paper - 25-May-2007
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• Maintaining records of transactions - why, what and how? paper - 18-March-2005
• Interest: a critical analysis - 12-September-2002
• In practice: Sharing the pie - 01-August-1998
• Indirect taxes: Objections and appeals, interest and penalties - 01-August-1998
• Stamp Duty Implications of Corporate Reconstructions - 12-September-1997

Click here to expand/collapse more articles by Sue WILLIAMSON.