New 2024 TASA Requirements

At the beginning of July, the government's new Tax Agent Services (Code of Professional Conduct) Determination 2024.

This regulation treated all Accounting firms the same, no matter their size. There was the risk that if you didn't have these things in place by 1 August 2024, you may have had to self-report yourself as a breach to the TPB.

Just before the deadline, the Assistant Treasurer confirmed the Government would give accounting firms with less than 100 employees until 1 July 2025 to abide by the new rules as long as they take genuine steps toward compliance.

While you've got an extension, you'll still need to comply with these rules.

  1. You must establish and maintain a system of quality management.
  2. Retain all your interviews, files, opinions, assumptions, workpapers, logic, and decision-making advice for 5 years. This is not the same as the current 7-year client record-keeping rules. Now, the rules apply to YOU.
  3. Ensure Competency for all services you offer and have objective evidence you are competent.
  4. You must advise all current and prospective clients of any matter that could significantly influence the decision of a client to engage you or to continue to engage you to provide a tax agent service. This potentially includes any health issues, partnership disputes or staff shortages you have.

And some of these rules are backdated 2 years.

Get a Thorough Understanding With Our On-Demand Web Events

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The Government Gives You 16 Days to Get This Insane Amount of Work Done!

Join ChangeGPS Founder Timothy Munro, General Manager David Boyar and Former Tax Institute President and Tax Lawyer Arthur Athanasiou to learn what you have to get done before 1 August 2024 to comply with the law.

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Your Quality Control System to Meet New Legislation

Join the webinar with ChangeGPS Founder Timothy Munro and General Manager David Boyar for a deep dive into the System of Quality Management to understand what you need to do.

The government's new Tax Agent Services (Code of Professional Conduct) Determination 2024 includes a requirement that ALL firms, no matter their size, must have quality control systems.

This requirement is unbelievably onerous for small Practices, but ChangeGPS has your back—it is providing you with one for free.

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System of Quality Management Workshop

Join this workshop to work through the System of Quality Management that can help you comply with the new Tax Agent Services (Code of Professional Conduct) Determination 2024 requirements.

Quality Control System Workshop

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State of the Union 

Join ChangeGPS founder Timothy Munro and GM David Boyar to reorient yourself as they lead you through the state of the union and cover

1. A firm’s biggest risk that TASA has exposed
2. Why the small TASA win comes with an unacceptable condition, and what to do about it
3. Laws that impact YOU - Why the consultation process is broken
4. What parts of the new laws Dave and Tim think are here to stay, and how to get your firm ready now (before it's too late)
5. Low-hanging fruit to de-risk your firm

state of the union webinar

Core by ChangeGPS has standard agendas, actions, and next steps to give you the tools to document all decision-making advice easily.

Take an Interactive Walkthrough.

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These webinars are brought to you by ChangeGPS and our friends, who care about how you run your practice.

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Your Hosts

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Timothy Munro

Founder, ChangeGPS

Tim founded ChangeGPS after founding the award-winning accounting firm Change Accountants & Advisors. Tim is a former Director and Queensland President of the Institute of Public Accountants. He lives and breathes his professional passion for accounting. At ChangeGPS Tim fuels the vision for a better accounting industry using technology and best practice. Outside work, Tim’s a parent, drummer, and cricket-player.

Natour-speaker-David

David Boyar

GM, ChangeGPS

David joined ChangeGPS as GM of Growth and then CEO to drive the development of the industry after founding The Virtual CFO Association and co-hosting 'From the Trenches'—Australia's #2 iTunes business podcast. David's one of the youngest Fellow Chartered Accountants in Australia. He loves using accounting to help Aussie mums and dads so much that he did a TedX talk on it.

Arthur A-circle

Arthur Athanasiou

Partner at Thomson Geer Adjunct Professor La Trobe University Law School

Arthur is a tax partner at Thomson Geer. Arthur’s main area of practice is dispute resolution, particularly in the SME sector, with the ATO, TPB and the SRO, and in particular with investigations and enquiries. Arthur is an Associate Professor at La Trobe University Law School. He has qualified as a Chartered Accountant, is a former President of The Tax Institute, and chaired the Law Institute’s Tax Law Advisory Committee. Arthur is an Accredited Tax Law Specialist, is a widely published writer on taxation issues and regularly appears in the mainstream media.

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