The Value of a Trusted BAS Agent: Why it Matters for Your Business
Accurate financial reporting isn’t just good practice, it’s essential for the health and compliance of your business. That’s why the Tax Practitioners Board (TPB) has launched its “Find a BAS agent you can trust” campaign to help business owners make informed decisions about their BAS reporting and tax obligations with the goal to educate Australian businesses on why it’s so important to work with a trusted and registered BAS Agent.
Why Choosing a Registered BAS Agent is So Important
When it comes to lodging your Business Activity Statements (BAS), it can be tempting to get help from someone who isn’t officially registered. Maybe it seems quicker, easier or cheaper. But this can lead to serious headaches down the track.
Unregistered preparers don’t have the qualifications or experience to give proper advice. If they lodge BAS on behalf of your business, they’re actually doing so illegally. This can lead to penalties, incorrect reporting and potentially legal issues that can impact your business.
Working with a registered BAS Agent is a completely different experience. A registered agent is properly trained, qualified and held to strict professional standards set by the TPB. They carry professional indemnity insurance and follow a code of conduct, along with many hours of CPD to stay on top of regulation changes. This ensures your reporting is handled with care and accuracy; and one less thing for you to worry about.
How to Check if Your BAS Agent is Registered
Checking if your BAS Agent is registered is quick and simple. You can:
1. Search the TPB Register
The online register lists all registered tax practitioners and also includes details of deregistered practitioners.
2. Look for the Registered Tax Practitioner Symbol
This symbol is a clear sign that your BAS Agent is registered. You’ll often find it displayed on websites, email signatures, stationery, brochures and business cards.
✅ Tip: If you’re not sure how to use the TPB Register, the site has a helpful step-by-step guide to make it easy.
Protect Your Business by Working with a Trusted BAS Agent
Choosing a registered BAS Agent is one of the best ways to protect your business. It gives you confidence that your BAS statements are accurate and submitted on time, and it helps you avoid unnecessary penalties or compliance issues.
At BKSP, we’re proud to be registered BAS Agents with the TPB. We work with businesses to make sure their reporting is stress-free and handled with care, so you can focus on running your business without the worry of tax-time headaches.
For more information about finding and verifying BAS Agents, visit:
– Finding and using a tax practitioner
– Risks of using unregistered tax practitioners