Key Requirements

Experienced User MsCrisG
28 Posts
Experienced User
Australia

Key Requirements

I had these in the head for weeks and can't think how to understand it.

How the following are related to a preparation of activity statements? ANYONE?

Tax Agents Service Act

Civil Penalty Provisions of Tax Agents Services Act

Fringe Benefits Tax Assessment Act

Superannuation Guarantee (Administration) Act

Superannuation Guarantee Charge Act

A New Tax System (Goods and Services Tax) Act

Income Tax Assessment Act

Taxation Administration Act

Privacy Act

TPB requirements for registration as a BAS agent

 

 

 

3 REPLIES
Ultimate Partner Seattle
1,337 Posts
Ultimate Partner
Australia

Re: Key Requirements

@MsCrisG

 

You have gone down a very technical path - most of the questions on the Forum are around using MYOB.

 

The Tax Agents Services Act (2009) applies to those who charge a fee to engage in Tax or BAS Services.

You are best to make reference to the Tax Practitioners Board website  www.tpb.gov.au

 

The ATO also has a wbsite that will answer many of your questions www.ato.gov.au

 

Superannuation and Superannuation Guarantee (9.5% of ordinary times earnings) are not part of doing a BAS.

I would often prepare Super requirements for a client at the same time as preparing a BAS.

You ,may like to read SGR 2009/2.

 

Hope this helps.

 

Duncan

Duncan Smith
Business Advice + Tax
www.businessadviceplustax.com.au
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
Ultimate Partner ronatbas
3,851 Posts
Ultimate Partner
Australia

Re: Key Requirements

@MsCrisG

 

It would seem that you are doing a course of some sort and it would be lot easier for everyone around here if you told us a bit where MsCrisG is going. 

All of the pieces of legislation you mention either impact on the preparation of, or the presentation of, an activity statement to the ATO. There is copious amounts of material on the ATO website that draw on one or more aspects of these acts. The legal data base of the ATO is a wealth of information , if you have a need for such information.

The TPB regulations directly impact those of us who practice under the banner of Tax Agent or BAS Agent and those who attempt to act outside of these regulations. Their educational and other requirements for registration are clearly stated on their website, as are the penalties for acting as an unregistered agent.

 

Ron B
BAS Group
03 95588477

info@basgroup.com.au
Making MYOB work for you
Ultimate Partner Seattle
1,337 Posts
Ultimate Partner
Australia

Re: Key Requirements

@ronatbas @MsCrisG

 

Ron,

 

I do recall that in the last year, the law was changed so BAS Agents could calculate SG and complete a Surcharge Statement.

 

Duncan

Duncan Smith
Business Advice + Tax
www.businessadviceplustax.com.au
Helping business owners build a better business since 1998
E expressgst@optusnet.com.au T 02 9904 3672 7 days
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