Miscellaneous 2011

Accountants cannot give legal advice: What that means for them, their clients and the lawyers

Source: Taxation In Australia Journal Article

Published Date: 1 May 2011

 

A recent AAT decision highlighted a problem that has existed for many years. Accountants have long-believed that they are entitled to give advice, including legal advice, about the operation of tax laws.

This article considers the extent to which accountants’ “bread and butter” work involves the provision of legal advice.

The article discusses why accountants incorrectly believe that they can give legal advice, the risks for accountants who give legal advice, and how tax practitioners can ameliorate those risks. The article concludes with some suggested curative approaches.

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

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.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

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

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2011

Share this page