09 Sep 2021 Tax Practitioners Board
New MOU for Tax Practitioners Board and The Professional Standards Councils
The Tax Practitioners Board (TPB) and the Professional Standards Councils have signed a landmark Memorandum of Understanding (MOU).
The MOU will help guide the collaboration, cooperation, and mutual assistance between both organisations with the objective of promoting the integrity of the tax profession.
More information can be found here.
Federal Court stops unregistered tax preparer
On 23 August 2021, following an application from the Tax Practitioners Board (TPB), Justice McKerracher of the Federal Court ordered Jessa Van Stroe (also known as Jessa Layola) to stop preparing and lodging income tax returns while not a registered tax agent with the TPB.
The TPB provided evidence from a number of taxpayers that indicated Ms Van Stroe illegally charged clients fees to lodge returns on their behalf. If Ms Van Stroe does not stop providing these services, she may face fines, imprisonment, and even seizure of property for contempt of court. The proceeding against Ms Van Stroe continues, and this order will remain in place until the TPB’s application for penalties is heard.
Read more here.