Finalised guidance for providers of tax-related software
The Tax Practitioners Board (TPB) has finalised an information sheet to assist software providers who provide tax-related software systems to understand the operation and impact of the tax agent services regime:
The information sheet provides guidance on which situations may or may not require registration with the TPB as a tax or BAS agent. In particular, the information sheet outlines procedures and processes that software providers need to have in place (where relevant) to ensure that they are not regarded as providing a tax agent service.
This information sheet is based on extensive consultation with the software industry, the ATO and the public. It provides clear guidance for software providers as they are transitioning services from the electronic lodgement service (ELS) to standard business reporting (SBR).
Further information about the Tax Practitioners Board
The Tax Practitioners Board regulates tax practitioners in order to protect consumers. The TPB aims to assure the community that tax practitioners meet appropriate standards of professional and ethical conduct.