The Government is committed to introducing the new tax agents regime. This paper focuses on what you need to do to be ready for the new regime. Topics covered include:
- registration obligations
- conducting your practice to ensure that you are not in breach of the Code of Professional Conduct
- regulation of BAS service providers
- the safe harbour from penalties for taxpayers who have engaged a registered tax agent
- the types of client tasks and information that can be outsourced to offshore entities.