If you are a tax agent or SAR providing a service for a fee or other remuneration, you will need to register with the Tax Agents Board (TPB). What is actually BAS agent services in Australia and how do register as BAS agent? If you are not a tax agent or registered taxpayer, you must not charge a fee or receive money or other compensation for providing services for which you know or should know that you are a SAR.
Tips for Training Requirements
There are two ways to register as an agent with the Foundation. You only need to meet one of these two training requirements.
Option 1:
- You must have a Level 4 Certificate in Financial Services from an accredited educational institution, i.e., a Certificate IV in Accounting or equivalent. The candidate must have
- Completed a BAS tax fundamentals course approved by the TPB. This course may be combined with a course in the financial services field of your choice.
Option 2:
- You must have a minimum of a Level 4 certificate or equivalent qualification, such as an accounting degree from an accredited educational institution.
- You must have completed a BAS tax fundamentals course approved by the TPB. This course may be integrated into a course leading to a higher award.
Experience Required
You will also need to have relevant work experience to register as a BAS agent.
- As a registered taxpayer or SAR agent
- Supervision and control by a registered taxpayer or SAR agent
- Is it another type that is approved by the TPB?
Activity reports: Which are Steps follow
- Goods and Services Tax (GST)
- Goods and Services Tax (GST), Goods and Services Tax (GST), Income Tax Payable (PAYG)
- Pay-as-you-go tax (PAYG), Pay-as-you-go tax on goods and services (PAYG), Pay-as-you-go tax on allowances (FBT), etc.
- FBT (Fiberta) – Luxury car tax (LCT)
- Wine Equalization Tax (WET)
- Fuel Tax Reduction
- Notification of GST and PAYG Instalments
What are the Main Services of BAS Agent?
- Drafting and advising clients on their obligations, responsibilities and rights under the BAS Act.
- Dealing with the Commissioner of Taxes regarding BAS’ status as the client’s agent.
- Circumstances in which it is reasonable to expect that a client will use the services of a tax agent to fulfil its obligations or responsibilities or to obtain its rights under the BAS.
What are the Requirements for Registration?
- The main requirements to register as a BAS agent are as follows
- You must be at least 18 years old to register as a BAS agent.
- So, You must be a “fit and proper person”.
- You must be a qualified agent and be able to obtain a qualification.
- So, You must be qualified and competent to do so and be able to work in the field in which you are employed.
Summary
So, BAS stands for Business Reporting and a BAS agent is a certified accountant or bookkeeper who provides BAS-related services for a fee.
Final Words
Businesses use BAS agents to report and pay a variety of taxes. So, Business reports are also used by those who are required to pay taxes quarterly.
