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Showing 1 - 10 of 74 results for "Tax Practitioners Board"

Tax agent banned for dishonesty

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
The Tax Practitioners Board has banned a Victoria-based tax agent for five years for dishonestly obtaining his registration and engaging in further misconduct. Srinivasarao Jakkampudi, sole director and supervising tax agent of Truecare Solutions, requested ...

Broken advice industry shuns everyday Aussies: AFA

KARREN VERGARA, ANNABELLE DICKSON  |  THURSDAY, 29 JUL 2021
... servicing 200 clients will pay $3838 each to fund ASIC's industry levy, he said. They may also pay the Tax Practitioners Board levy ($700 per adviser), licensee fee (about $50,000 per year), while professional indemnity costs alone can take the total ...

Better Advice regulations hit parliament

KARREN VERGARA  |  FRIDAY, 25 JUN 2021
... requires individuals to register themselves. Tax (financial) advisers will soon no longer be regulated by the Tax Practitioners Board. They will be governed under the Corporations Act 2001. "To provide tax (financial) advice services, a person must either ...

Draft advice reforms not enough: FPA

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... used its submission on the single disciplinary body for financial advisers to renew calls to remove the Tax Practitioners Board as a regulator of the sector. While the association welcomed the plan to establish a single disciplinary body, the FPA said ...

Government opens consultation on key advice reforms

JAMIE WILLIAMSON  |  MONDAY, 19 APR 2021
... (financial) advice services, removing the requirement for tax (financial) advisers to be registered with the Tax Practitioners Board. It also ensures relevant tax experts are appointed to the FSCP to hear disciplinary matters that involve tax-related ...

Dodgy SMSF operator loses appeal

ELIZABETH MCARTHUR  |  FRIDAY, 12 MAR 2021
The Tax Practitioners Board (TPB) decision to terminate a Perth tax practitioner has been upheld by the Administrative Appeals Tribunal. Ashley Cross was found to have falsely lodged 125 SMSF annual returns over nine years which declared that self-managed ...

Jail time for tax adviser

ELIZABETH MCARTHUR  |  TUESDAY, 22 DEC 2020
... companies, were also fined over $640,000 for multiple offences under the Tax Agent Services Act 2009. The Tax Practitioners Board (TPB) said it was a welcome outcome, and expressed concern that Hacker had continued to act illegally throughout the protracted ...

Government backs disciplinary body in principle

KARREN VERGARA  |  MONDAY, 30 NOV 2020
... for financial advisers providing tax advice "in principle" in response to the independent review of the Tax Practitioners Board. In announcing its support for the review of the TPB and the Tax Agent Services Act 2009 last week, the federal government ...

Fake tax agent penalised

ANNABELLE DICKSON  |  WEDNESDAY, 11 NOV 2020
... preventing Caolboy from providing tax agent or BAS services for three years and remains unregistered from the Tax Practitioners Board (TPB). Justice Michael Wheelahan noted that Caolboy's actions were at the "serious end of the spectrum" as her clients ...

BAS agents to expand service offering

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
The Tax Practitioners Board has registered a new legislative instrument to allow BAS agents to expand their services in relation to the superannuation guarantee charge (SGC). The instrument, Tax Agent Services (Specified BAS Services No. 2) Instrument ...
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