Published on 16 May 13
by NEW SOUTH WALES DIVISION, THE TAX INSTITUTE
Looking at the issues from the perspective of an SME practitioner, this presentation explores:
- What the Tax Agent Services Code of Conduct requires, particularly in respect of the need to take reasonable care
- What level of reliance can a tax agent place on a client’s records?
- What records must a client keep and why?
- Does a tax agent need to conduct some form of detailed review or audit of a client’s records in order to satisfy the reasonable care requirement?
- Can a tax agent exclude particular aspects from the scope of their engagement and still meet the reasonable care requirement?
- Is it possible to meet the best practice standards expected by the ATO?
- What happens if a tax agent doesn’t meet the standard expected by the ATO?
Adrian is a tax consultant and brings 35 years’ experience in accounting and tax for his widely diverse client base. In the last five years he has focused on risk reviews and dispute resolution with the ATO and the OSR. He is a member of the Taxation Institute's Dispute Resolution Committee and promotes to Practitioners the benefits of the ATO's initiative in the facilitation process.
- Current at
07 March 2018