Many people wonder how to do their own taxes and accounting needs or may simply want to work for a company helping others. Some people in Australia usually register either online or in person. Although in another country, one may look in Australia’s Largest Bookkeepers Directory for a list of places to accompany this desire to become a BAS Agent. It is also best to check any new provisions the Tax Agent Services Act 2009 before you register so you know everything needed to begin the process. You may find that you already meet most of the requirements.
If you are a company,18 year old or older individual or partnership, you are able to register as a BAS Agent. There is a $100 registration fee for BAS Agents in business and a $50 fee for agents with no business. A form and documentation is also needed by the Tax Practitioners Board for Registration first. Although you do not need an Australian business number for registering as a agent,certain circumstances may indicate you needing to obtain one. This information can also be found in Australia’s Largest Bookkeepers Directory.
Even if you look through Australia’s Largest Bookkeepers Directory,most information will include information from the Tax Agent Services Act 2009. This law is very important because if one isn’t registered but provides BAS services or representation as a BAS agent,you can incur up to $27,500 civil penalty charges. You must also have accounting qualifications or a membership of professional association. The Tax Practitioners Board for Registration must also decide if you are a fit and proper person.
You may not need to register as a BAS Agent at all if you meet certain conditions. A registered tax agent or an employee providing employer based BAS services doesn’t have to register. It is probably a good idea to just register so you are able to provide services lawfully. Within 6 months, the Tax Practitioners Board of Registration should decide if your application is accepted or rejected. You may also get a review of the decision by submitting an application to the Administrative Appeals Tribunal and maybe reapplying.
Within 30 days you must report any events that may affect your continued registration as a BAS agent to the board or they may terminate your registration. Now there are differences when it comes to companies or partnerships who register as BAS Agents with registration conflicts. Companies may either have to remove the director or choose to terminate your registration. Partnerships must either remove the partner or the director of the company in an unfortunate registration event. Consider all these actions before you register in Australia.
