Tax implications liquidating corporation

20-Sep-2015 22:18

Competence (7) You must ensure that a tax agent service that you provide, or that is provided on your behalf, is provided competently.(8) You must maintain knowledge and skills relevant to the tax agent services that you provide.(5)You must have in place adequate arrangements for the management of conflicts of interest that may arise in relation to the activities that you undertake in the capacity of a registered tax agent or BAS agent.Confidentiality (6) Unless you have a legal duty to do so, you must not disclose any information relating to a client’s affairs to a third party without your client’s permission.

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The principles, explanations and examples in this paper do not constitute legal advice and do not create additional legal obligations beyond those that are contained in the TASA.

The Board released this TPB(EP) in the form of an information sheet as an exposure draft on 7 April 2010.

The Board invited comments and submissions in relation to the information contained in it. The Board has considered the submissions made and now publishes the following TPB(EP).

(3) If: you must account to your client for the money or other property.

Independence (4)You must act lawfully in the best interests of your client.

The principles, explanations and examples in this paper do not constitute legal advice and do not create additional legal obligations beyond those that are contained in the TASA.

The Board released this TPB(EP) in the form of an information sheet as an exposure draft on 7 April 2010.

The Board invited comments and submissions in relation to the information contained in it. The Board has considered the submissions made and now publishes the following TPB(EP).

(3) If: you must account to your client for the money or other property.

Independence (4)You must act lawfully in the best interests of your client.

(13) You must maintain the professional indemnity insurance that the Board requires you to maintain.