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15 Oct 2020 Tax Practitioners Board

Proper tax agent conduct expected for certification for Fair Work purposes

The TPB has updated a new FAQ stating a tax or BAS agent may be asked by clients to provide certification that they satisfied the 10% decline in turnover test, where they are former participants in the JobKeeper Payments scheme. 

TPB indicated that should they become aware of any serious misconduct by a registered tax practitioner in relation to the provision of a 10% decline in turnover certificate, the TPB may consider whether the alleged misconduct gives rise to a finding that the registered tax practitioner is no longer a fit and proper person and/or whether the registered tax practitioner has contravened the Code of Professional Conduct, in particular, Code item 1, which relates to honesty and integrity. 

The Fair Work Ombudsman has responsibility for enforcing compliance with the JobKeeper provisions in the Fair Work Act.

For more information about the 10% decline in turnover test and certificate, and a template certificate, refer to the Fair Work Ombudsman’s website.

Read more here.

TPB bans agent for making false Cash Flow Boost claim

The Tax Practitioners Board (TPB) has terminated the company registration of Sydney-based agent TLL Tax Pty Ltd (TLL) for misconduct and banned them for two years. 

The TPB determined TLL breached the Code of Professional Conduct in the Tax Agent Services Act 2009 relating to competency, honesty and integrity and noted TLL attempted to rort the COVID-19 stimulus Cash Flow Boost for over $20,000.

Read more here

Tax Practitioners Board signs new MOU with CPA Australia

The Tax Practitioners Board (TPB) has signed its first Memorandum of Understanding (MOU) with recognised tax agent association, CPA Australia.

The MOU highlights the TPB’s intention to work collaboratively with recognised professional associations to promote the integrity of the tax profession.

Read more here

Company amends tax returns without client authorisations

A company tax agent was found to have insufficient supervisory arrangements and review processes which led to unauthorised lodgements of amended income tax returns of five taxpayers. 

Read more here.

TPB latest webinars announced

The TPB has released a wide range of webinars and virtual workshops from 29 October to 16 December 2020. These sessions are free for potential and registered tax practitioners and may count towards your continuing professional education (CPE).

Read more here.

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