The Tax Practitioners Board has terminated the registration of a company tax agent after the agent attempted to financially influence a client to withdraw a complaint.
Overclaimed work-related expenses see agent disqualified accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.
He argued that the proposed CPE standard of 120 hours over three years equated to less than an hour per this week.
“This proposal also aligned with the standard of some other professions and matches the requirements of some professional associations,” Klug said. Most tax practitioners provide excellent service to their clients. CPE is critical to maintaining skills and competence. The TPB recognises the increasingly complex environment that businesses operate in and constant changes to taxation laws. The scope of services provided by tax practitioners has also expanded over time.
“Other proposed changes that provide for greater flexibility include the ability for tax practitioners to elect either a calendar or financial year basis for their three-year CPE period and to include an amount of educative health and wellbeing activities to count towards their CPE.” Klug said.
CPE hours poised to rise as TPB refines new standards accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.