It’s BAS time again. Understandably, many people hate BAS time. Every three months seems to come around far too quickly. But since you can’t escape it, you might as well do it properly.
Many businesses have no idea that using an unregistered practitioner could be to their own peril and may result in hefty penalties. TASA is here to protect the public from risks associated with dealing with unqualified or unskilled BAS providers.
BAS services must be provided by registered practitioners. However, it is interesting to learn that there are only 14,000 registered professionals servicing Australian businesses and yet, there are more that 2.4 million businesses in Australia. Clearly, it is inevitable for Australian businesses to engage the services of unregistered people. There simply aren’t enough registered BAS agents.
However, we are hoping that encouraging small business operators to deal only with registered agents will force more providers to come within the regulatory environment and fill the obvious gap.
So are you a business owner? Then save yourself from the unnecessary risk with this simple question – ‘Are you a registered BAS agent?’
Peter Broberg is a bookkeeping professional with over 20 years experience in the finance sector. With more than 2 decades of experience, Peter provides payroll and bookkeeping services on a professional level. His services cater to small and medium enterprises in Cannington, Kalamunda.