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Tax practitioners have been reminded to ensure that they meet their own tax obligations and remain proactive with cyber security measures during the end of financial year period.
Tax Practitioners Board (TPB) chair Ian Taylor cautioned tax practitioners to comply with the law in the conduct of their own personal tax affairs or risk suspension or termination of their registration.
“With tax time fast approaching, many tax practitioners will be busy assisting their clients meet their tax obligations, however it is important to make sure that you are up-to-date with your own personal tax obligations,” Mr Taylor said.
The TPB also encouraged anyone using the services of a tax or BAS agent to check the TPB Register and to look for the registered tax practitioner symbol to ensure they are using a registered tax practitioner.
Each registered tax practitioner has a symbol that is unique to their registration, with registration numbers publicly available to allow consumers to easily check that practitioners are registered.
Practitioners are also reminded to meet their obligations under the Code of Professional Conduct by protecting the security and confidentiality of client records in the wake of recent cyber attacks.
“In the lead-up to this busy time, I would also like to reiterate the importance of us all working together to maintain and improve the high standards of the tax profession,” Mr Taylor said.