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Bookkeeping for Dummies, 3rd Edition
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Bookkeeping for Dummies, 3rd Edition

by Veechi Curtis
October 2020
Beginner
400 pages
9h 48m
English
For Dummies
Content preview from Bookkeeping for Dummies, 3rd Edition

Chapter 18

Staying on the Right Side of the Law

IN THIS CHAPTER

check Registering as a BAS Agent — what’s involved and why it’s such a big deal

check Being honest as a mirror, straight as an arrow

check Ensuring that any information you submit is up to scratch

check Putting systems in place to look after yourself, and your clients too

If you have your own bookkeeping business, or you’re thinking about starting your own bookkeeping business, you must first ensure you have all the necessary qualifications, experience, registrations and insurance in place.

Only bookkeepers who register with the Tax Practitioners Board (TPB) — and have the experience and qualifications to do so — are able to provide ‘BAS services’ for their clients. The definition of BAS services is very broad, and includes relatively mundane activities, such as selecting default tax codes for accounts, as well as more complex tasks, such as generating employee payment summaries.

In this chapter, I provide a rundown of the legal framework for bookkeepers, including training requirements and professional standards of behaviour. I also touch ...

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Publisher Resources

ISBN: 9780730384731Purchase Link