A Registered BAS Agent is an ATO Approved professional bookkeeper
Only a registered bookkeeper can legally provide BAS Lodgement service to business owners
Is your bookkeeper a Registered BAS Agent? The ATO regulated the bookkeeping industry on the 1st of March 2010. As a result, all bookkeepers providing a BAS Service must register.
What does that mean for you?
Before 2010, an inexperienced bookkeeper could do a MYOB course and start charging for bookkeeping services. They often left clients in a mess. There was nothing the client could do except pay for someone else to fix it.
To register with the Tax Practioners Board, a bookkeeper must pass the following requirements first. Those requirements include;
Professional code of conduct
We are under a Code of Conduct. Breaches can mean up to $137,500 in fines and penalties. Or even loss of registration. The code covers five areas;
Honesty and integrity
Timeliness, professional indemnity insurance, and correct administration of laws.