Benefits outweigh costs of adviser access to ATO portal - Financial Newswire

SMSF Association calls for adviser and administrator access to ATO data - SMSF Association

SMSF Association Media Release Giving registered financial advisers access to specific ATO-held information when they provide financial and tax advice to their clients is an important reform that will improve […] The post SMSF Association calls for adviser and administrator access to ATO data appeared first on SMSF Association.

CPA Australia warns changes could undermine system integrity

CPA Australia has voiced concerns that the federal government’s proposal to extend secrecy exceptions for the Australian Taxation Office (ATO) and the Tax Practitioners Board (TPB) may undermine the integrity of the country’s tax system.   The organisation, which represents certified practicing accountants, argues that the integrity of the tax system could be compromised if taxpayer information is not adequately protected.  CPA Australia regulat…

Benefits outweigh costs of adviser access to ATO portal - Financial Newswire

The Australian Taxation Office (ATO) has cited the costs associated with giving financial advisers access to the ATO portal but the benefits are likely to outweigh the costs, according to the Joint Associations Working Group (JAWG). As well, the advice and accounting groups represented by the JAWG pointed to the fact that the last four disciplinary actions by the Financial Adviser disciplinary body against financial advisers had been based on mi…

ATO information access essential

The SMSF Association has urged the government to give advisers and administrators access to client data held by the ATO, given the law obligates them to operate with correct information.