Peterson v Tax Practitioners Board – Tax agent’s registration terminated for incapacity to handle client needs (despite extra-professional burdens)

Tax Month - February 2017

The AAT has confirmed a TPB decision to terminate a tax agent’s registration, because it considered he did not have the ability to do all that was required of him. The applicant has about 840 clients, of whom 95% require tax returns to be prepared. He does virtually all the work himself. He is also…

ASIC approved SMSF auditors – ATO identifies problem areas: (1) auditing your own accounts; (2) auditing relatives’ funds; (3) low cost audits; (4) CPD compliance

Tax Month - February 2018, Uncategorized

On 26 Feb 2018, the ATO updated their page ‘ ASIC approved auditors of SMSFs (Self Managed Superannuation Funds) which are by far, the greatest number of funds, and which hold a very substantial share of the overall pool of superannuation assets. Approved SMSF auditors do have a critical role in maintaining the health and…