Tax Agent Services Act 2009 – Disclosure Statement

Tax Agent Services Act 2009 – Disclosure Statement

We are a registered BAS Agent as required in order to provide BAS Services (including advice, interpretation, interactions with the ATO, lodgement of forms in respect to GST, BAS, Payroll and Superannuation Guarantee).  Any practitioner providing these services must be a registered BAS Agent or Tax Agent.

We are subject to the Code of Conduct prescribed in the Tax Agent Services Act 2009 and additional determinations. The Tax Practitioners Board (the board) regulates Registered Agents. We are also required to adhere to the ATO’s requirements in our interactions with their Online Services and use of other relevant software.

We advise as follows:

I / We advise that to the best of our knowledge and based on all information known to us, we

  • Have not committed a prior material breach of the Act or instruments made under the Act.
  • Are not being investigated by the Board on any matter (alternatively “..of a material breach).
  • Are not subject to any sanctions imposed by the Board.
  • Do not have any conditions applying to our registration.
  • Have not been disqualified from providing services.
  • Do not have as employees nor engage with others who have been disqualified from providing services;
    (Alternatively or in addition: “have appropriate and required processes and systems of supervision and quality control of all work performed on our behalf”)
  • Have not had any charge or conviction relating to an offence relating to fraud or dishonesty.
  • Have not had any imposition of a promoter penalty under the tax law; or
  • Had any charge or conviction relating to a tax offence.

We are not aware of any matter that we have not otherwise discussed or presented to you that would significantly influence your decision to engage or continue to engage our services.  If there is anything you would like to discuss, please contact us.

Register of Tax Agents and BAS Agents

The Board maintains a public register of Tax Agents and BAS Agents.

The register contains registration details of registered, suspended and deregistered tax and BAS agents.

The register is available at https://www.tpb.gov.au/public-register

Guidance on how to use the Register is available at https://www.tpb.gov.au/help-using-tpb-register

Complaints

We note that we hope that any concerns you may have with our service are able to be discussed with us first to ensure we are able to respond to any misunderstanding or any performance issues.

Complaints about the services you receive can be made directly to the Board.

The Board’s complaints process is explained, and the online form available at https://www.tpb.gov.au/complaints

This information is required to be provided by TASA2009 Sn 45(2) and is required when an entity is considering to engage or re-engage a registered tax agent or BAS Agent or upon request. 

This information is true and correct at the time of making this statement.  Any change to this information must be updated within 30 days of us becoming aware of any change matter.

 

Director ID and Penalties For Not Applying

Directors Who Have Not Met Their Obligations

The Australian Business Registry Services (ABRS) continues to engage with directors who haven’t met their obligations, and if you are a director of an organisation that has yet to apply for a Director ID, you may be contacted.

Actions that may be taken if a director fails to apply include:

  • Being asked to attend an interview with a delegate of the Registrar to explain why they haven’t obtained one, and/or
  • Referral to the Australian Securities and Investments Commission (ASIC) to consider investigation and prosecution.

Director ID Offences

It’s a criminal offence for a director to not apply on time, and information about the penalties will be included in the correspondence being issued. You can learn more about director ID penalties and offences from the ABRS website.

How Your Bookkeeper Can Help

Directors may request assistance from their Bookkeeper to support them in applying for a Director ID. However, as per law, an authorised agent can only assist with this process, but cannot complete the application on the director’s behalf. The fastest way is to apply online at ABRS.gov.au. If a director is unable to apply online, they can phone the ABRS on 13 62 50.

For more information about who needs a director ID and how to apply, visit ABRS.gov.au.

Lodgement and Payment Due Dates

Activity statement

  • Activity statement-monthly lodgement obligation

Monthly Lodgement obligation

Due date

BAS agent concession for lodgement & payment if lodging by Portal

December activity statement

21st January

NA
The electronic lodgement and payment concession does not apply to standard monthly activity statements.

Activity statement

21st of the following month

21st February – December monthly business activity statements for business clients with up to $10 million turnover who report GST monthly and have elected to receive and lodge electronically using a registered agent.

 

  • Activity statement-quarterly lodgement obligation

Quarterly Lodgement obligation

Original Due date

BAS agent concession for lodgement & payment if lodging by Portal

Quarter 4, 2022–23

28 July 2023

25 August 2023

Quarter 1, 2023–24

28 October 2023

25 November 2023

Quarter 2, 2023–24

28 February 2024

Not applicable

Quarter 3, 2023–24

28 April 2024

26 May 2024

Quarter 4, 2023–24

28 July 2024

5 August 2024

To be confirmed when the BAS agent lodgement program 2024–25 is developed.

 

Super guarantee charge (SGC) payment and lodgement dates

Quarter

SG payment due date

SGC & statement due date

1 July – 30 September

28 October

28 November

1 October – 31 December

28 January

28 February

1 January – 31 March

28 April

28 May

1 April – 30 June

28 July

28 August

Taxable payments annual report

Taxable payments annual report due by 28 August

 

PAYG withholding payment summary annual report

Must lodge PAYG withholding payment summary annual report by:

  • 14 August for large withholders (annual withholding more than $1 million) or those lodging without registered agent involvement
  • 30 September for payers who are using a registered agent to lodge (excluding large withholders).

 

 

 

 

 

 

 

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Consult with legal professionals for personalized guidance based on your specific circumstances.

 

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Rates & Thresholds

Tax Rates

The following table shows the individual resident tax rates and the thresholds, do not include 2% Medicare levy.

Marginal Tax Rates 2024–2025(Resident)

Taxable IncomeTax On Income
$0–$18,200Nil
$18,201–$45,00016c for each $1 over $18,200
$45,001–$135,000$ 4,288 plus 30c for each $1 over $45,000
$135,001–$190,000$31,288 plus 37c for each $1 over $135,000
$190,001>$51,638 plus 45c for each $1 over $190,000

Employment Termination Payment Cap (ETP)

An Employment Termination Payment (ETP) is a lump sum payment rather than a wage payment made as a result of termination. The Employment Termination Cap Threshold increases to $245,000 (Life and Death).

Life benefit termination payments ETP cap

Income yearAmount of cap
2024–25$245,000
2023–24$235,000
2022–23$230,000
2021–22$225,000
2020–21$215,000
2019–20$210,000
2018–19$205,000

Termination Thresholds

Redundancy Tax Free Lump Sum D Threshold increases to $12,524+ $6,264 for each completed year of service.

Genuine redundancy and early retirement scheme payment limits.

Income yearBase limitFor each complete year of service
2024–25$12,524$6,264
2023–24$11,985$5,994
2022–23$11,591$5,797
2021–22$11,341$5,672
2020–21$10,989$5,496
2019–20$10,638$5,320
2018–19$10,399$5,200

Payroll tax

Payroll tax is owed on any wages of total taxable Australia-wide wages that exceeds a threshold amount.

StateThreshold at April 2024Rate at April 2024
ACT$2,000,0006.85%
NSW$1,200,0005.45%
NT*$1,500,0005.5%
QLD Metro*$1,300,0004.75%-4.95%
QLD Regional*$1,300,0003.75%-3.95%
SA$600,000 Deduction <$1.5m ATW-exempt from PT  0%-4.95%
TAS$1,250,000 initial $2,000,000 subsequent4%-6.1%
VIC Metro$700,0004.85%
VIC Regional$700,0001.2125%
WA*$1,000,0005.5%

Superannuation

Superannuation

Superannuation Contribution Caps

 Superannuation Guarantee increases to 11.0% on the 1st July 2023.

 Continues to increase each year by 0.5% to the 1st July 2025.

Applies to the first payroll payment made from 1st July 2025.

Annual concessional contribution cap remains at $27,500(2023/24) & $30,000 (2024/25)

Per quarter maximum contribution base increases to $62,270 (2023/24) & $65,070 (2024/25)

Period

General   Super

 guarantee (%)

 

 

1July 2022 – 30 June 2023

10.5%

 

1 July 2023 – 30 June 2024

1 July 2024 – 30 June 2025

11.50%

 

1 July 2025 – 30 June 2026

12.00%

 

1 July 2026 – 30 June 2027

12.00%

 

1 July 2027 – 30 July 2028 Onwards

12.00%

 

 

 

 

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Consult with legal professionals for personalized guidance based on your specific circumstances.

 

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Taxable Payments Annual Reporting (TPAR)

Under the taxable payments reporting system (TPRS), some businesses may need to report the total payments they made to contractors for relevant services. Government entities also may need to report payments they made for services and grants paid to people and organisations with an Australian business number (ABN).

These payments need to be reported to the Australian Taxation Office (ATO) in a taxable payments annual report (TPAR) by 28 August each year.

Payments made to contractors or subcontractors for the following services are to be reported:

  • Building and construction services.
  • Courier services.
  • Cleaning services.
  • Road freight services.
  • IT services.
  • Security, investigation, or surveillance services.

 

Disclaimer: This blog post is for informational purposes only and does not constitute legal advice. Consult with legal professionals for personalized guidance based on your specific circumstances.

 

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