U 17, 1-7 JORDAN ST GLADESVILLE New South Wales 2111
Other records
Expiry date
01/12/2025
Condition
Sanctions
<strong>Period of Effect:</strong> 30/08/2023 to 28/02/2024<br/><strong>Reason:</strong> 30-20(1)(a) - Education Order[POPUP_FOR_DETAILS]<br/><strong>Code breach(es):</strong> <ul><li>30-10(1) - You must act honestly and with integrity</li><li>30-10(7) - You must ensure that a tax agent service that you provide, or that is provided on your behalf, is provided competently</li><li>30-10(9) - You must take reasonable care in ascertaining a client's state of affairs, to the extent that ascertaining the state of those affairs is relevant to a statement you are making or a thing you are doing on behalf of the client</li><li>30-10(10) - You must take reasonable care to ensure that taxation laws are applied correctly to the circumstances in relation to which you are providing advice to a client</li></ul><br/><strong>Explanation:</strong> On 20 July 2023, after completing an investigation into registered tax agent Mr Yuk Wong, the Tax Practitioners Board (the Board) decided that Mr Wong breached subsections 30-10(1), 30-10(7), 30-10(9) and 30-10(10) of the Code of Professional Conduct (the Code) in the Tax Agent Services Act 2009 (TASA).<br>The Board found Mr Wong breached the Code by:<br>1. making a false statement in his individual renewal application lodged with the Board;<br>2. in his capacity as sole director and supervising tax agent of Baser Business Services Pty Ltd (the Company):<br>a. failing to ensure that a tax agent service that the Company provided, or that was provided on its behalf was provided competently by:<br>i. failing to have adequate processes in place<br>ii. failing to take reasonable care in the preparation and lodgement of business activity statements (BAS) for six (6) clients who were subject to ATO pre and post issue audits resulting in tax shortfalls<br>b. failing to ensure that the Company took reasonable care in ascertaining the state of affairs of six (6) clients that was relevant to statements made in BAS and showing a lack of reasonable care by disregarding taxation laws when the Company prepared the BAS on behalf of those clients, resulting in tax shortfalls after the BAS were adjusted by the ATO<br>c. failing to take reasonable care to ensure that the Company applied taxation laws correctly when the Company prepared BAS for six (6) clients that resulted in tax shortfalls after the BAS were adjusted by the ATO<br>Taking into account all of the circumstances, the Board decided to impose an order under section 30-20 of the TASA, requiring Mr Wong to undertake and complete courses of education in the TASA, ethics and practice management, within six (6) months of the date of the order.<br>