Special tax topic 2024-25 - Tax Agents Service Act (TASA) Developments

This session will delve into the significant changes to the Tax Agents Services Act (TASA). Key topics include the process of engaging and onboarding new clients, the impact of recent updates to the Code of Professional Conduct on client relationships, and the obligations to report another tax agent to the Tax Practitioners Board (TPB). Additionally, it will cover when you must inform the Australian Taxation Office (ATO) about your client's actions.

Upon successful completion of this session, participants will be able to:

• Identify the key issues involved with onboarding a new client.
• Explain the key issues regarding recent developments in the Code of Professional Conduct.
• Describe the key issues regarding reporting another tax agent to the TPB.
• Discuss the key issues regarding reporting a client or former client to the ATO.

This session forms part of the Special Tax Topics Series. These concise 1.5-hour sessions have been specifically designed for an online platform to ensure training is informative, immersive and even fun.

These sessions will:

• Ensure you get the critical knowledge you need while minimising your time out of the office.
• Assist you in providing proactive tax and superannuation advice and identifying tax planning opportunities early
• Help you avoid any possible traps and pitfalls
• Give you answers to the questions most relevant to you

Our partnership with Thomson Reuters gives you the most up-to-date information, updated regularly and enhanced by our technical specialists.