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BAS Agent

In March 2010 the rules for bookkeepers changed dramatically when the ATO regulated the industry.
All bookkeepers providing BAS services are required to be registered as a BAS Agent with the ATO.
The ATO requirements for a BAS Agent are:

• Certificate IV in Financial Service – Bookkeeping or Accounting
• Member of a recognised Professional Association
• Over 1,000 hours of relevant experience
• Professional Indemnity Insurance
• Ongoing Professional Development

What does this mean for you?

Before the regulations came info force, bookkeepers could complete a MYOB or Quickbooks course and start charging for their services.
Unfortunately without the proper experience and knowledge they often left a mess.
There was no protection for the client and their only option was to try and find another bookkeeper who could sort out the mess.
It could turn into a very costly exercise – both financially and emotionally

As a BAS Agent we are required to operate under a Professional Code of Conduct in relation to:

• Honesty and integrity
• Independence (acting lawfully)
• Confidentiality
• Competence

Breaching this Code of Conduct can result in termination of BAS Agent registration and Civil Penalties with fines up to $137,500.
At last there is something you can do if you have been left in a mess.

We are Registered BAS Agents so that gives you confidence in the numbers, but more importantly the team at CBK believes that
good bookkeeping is more than just getting the compliance right – it is about empowering you with the information and knowledge to manage