As of 1st March 2010 the ATO regulated the bookkeeping industry. Now, all bookkeepers providing a BAS Service are required to register as a BAS Agent.
The requirements of a BAS Agent are:
What does that mean for you?
In the past, a bookkeeper was able to complete a MYOB or Quicken course and start charging for their services however, due to lack of required qualification and experience, accounts were often left a mess leaving you, the client, with a total disarray of financial figures along with emotional and financial stress of correcting the problems with no right of compensation.
These days, as a BAS Agent, there is a professional Code of Conduct in relation to:
Breaching the Code of Conduct can result in termination of the registration and Civil Penalties involving fines up to $137,500. At last there is something that can be done if you are left in a mess.
We are Registered BAS Agents so that may give you confidence in the numbers, but the Team at Salis Bookkeeping Solutions believes that great bookkeeping is not just about getting the compliance right … it’s about empowering you around your finances!