There are concerns from the ATO and the Tax Agents Board about the number of people claiming to be Tax or BAS agents, often promising refunds that sound too good to be true, or providing discounted services much cheaper than registered, legitimate tax agents.
Unregistered preparers will often use a taxpayer's personal login details to access their ATO Online account through myGov to lodge tax returns.
So what happens to these unregistered operators?
Well the newly funded and resourced Tax Agents Practitioners Board can apply to the Federal Court of Australia for an order for pecuniary penalties for up to $42,500 against an individual and up to $212,500 for a body corporate for each contravention.
We chat about our experiences with unregistered agents and what to do if you come across one.
Diane (The Bookie aka Bookkeeper) from https://www.directmanagement.com.au and Kane (The Beano aka Accountant) from www.activeoutsourcing.com.au and www.accountancyonline.com.au are professionals practicing who encounter these issues and many more every day.