Legal

What You Should Expect from Your Tax Practitioner

When engaging Bove (previously Bove & Associates), you can expect that:

• We will ask relevant questions to better understand your tax and financial situation to ensure compliance and accuracy in your tax matters.
• We may request supporting evidence for any claims you make in your tax filings to comply with Australian tax laws and professional obligations.
• We will never engage in illegal or unethical practices and operate in accordance with the Tax Practitioners Board (TPB) Code of Professional Conduct.
• We will advise you of your obligations under Australian taxation laws and ensure you are informed about your rights and responsibilities.

Overview

As a client of Bove (previously Bove & Associates), it is important that you:

• Understand your obligations to the Australian Taxation Office (ATO) and remain compliant with Australian tax laws.
• Recognize that Bove, as your tax practitioner, has professional obligations to you, the ATO, and the Tax Practitioners Board (TPB).

Your Obligations as a Client

As a client of Bove (previously Bove & Associates), you are responsible for:

• Providing truthful and accurate information to our team to ensure compliance with taxation laws.
• Maintaining accurate financial records and supplying them promptly when requested.
• Cooperating with requests from your tax professional and meeting all deadlines.
• Complying with Australian tax laws to avoid penalties and other legal consequences.

If You Do Not Meet Your Obligations:

Failure to meet your tax obligations may result in the following consequences:

• The ATO may impose administrative penalties (fines) for non-compliance.
• Interest charges may be applied to unpaid or incorrect tax liabilities.
• Legal action or criminal prosecution may be pursued by the ATO in cases of serious non-compliance.
• The ATO may initiate debt recovery proceedings for unpaid taxes.

Your Tax Practitioner’s Obligations

As a registered tax agent, Bove (previously Bove & Associates) is legally required to:

• Act honestly and with integrity in all professional dealings with clients and regulatory bodies.
• Uphold the ethical standards of the tax profession and comply with all professional guidelines.
• Act lawfully in your best interests, within the legal framework of taxation laws.
• Identify and manage conflicts of interest to maintain transparency.
• Take reasonable care in reviewing your financial affairs and ensure that tax laws are applied correctly.
• Maintain confidentiality of client information unless legally required to disclose it.
• Provide competent tax services and continuously update our professional knowledge.
• Not knowingly obstruct tax administration or mislead the ATO or TPB.
• Advise you of your rights and obligations under the tax system.
• Account for any money or property held in trust on your behalf.
• Not make false or misleading statements to the TPB or ATO. If necessary, we may withdraw from engagement and report certain matters to the TPB or ATO.
• Keep accurate records to ensure compliance with taxation laws.
• Keep you informed of relevant matters so you can make informed tax decisions.
• Address any incorrect or misleading statements and work with you to rectify errors in tax filings.

If Bove Fails to Meet These Obligations:

Should Bove (previously Bove & Associates) fail to meet the above obligations:

• The TPB may suspend or deregister our tax agent license, preventing us from legally practicing.
• The TPB may issue formal cautions or require additional compliance actions, such as further education or professional supervision.
• The Federal Court may impose fines for breaches of professional conduct.
• Your tax and superannuation matters may be affected, leading to potential audits.
• You may be liable for penalties and interest charges due to inaccuracies in tax filings.
• You may have litigation options if incorrect tax decisions need to be reviewed.
• In cases of fraud or criminal activity, legal consequences, including prosecution, may follow.

1. Information About the TPB Register

To help you verify the credentials of a tax professional, the Tax Practitioners Board (TPB) maintains a public register, where you can:

• Confirm that Bove (previously Bove & Associates) is a registered tax agent.
• Find other registered BAS agents and tax agents.
• Review tax professionals who have received sanctions or disciplinary actions.

For more details, visit:

www.tpb.gov.au/help-using-tpb-register

2. How to Make a Complaint to the TPB

The Tax Practitioners Board (TPB) welcomes feedback and complaints, which help maintain professional standards.

If you believe Bove (previously Bove & Associates), or any other tax professional has acted unethically, you may submit a complaint to the TPB using their online form:
myprofile.tpb.gov.au/complaints

Complaints can also be submitted against unregistered tax preparers who are operating illegally.

Further details are available at:
www.tpb.gov.au/complaints

3. General Information About Rights, Responsibilities, and Obligations

Bove (previously Bove & Associates) must inform clients of their rights, responsibilities, and obligations, including:

• Our legal duties as a registered tax practitioner.
• Your responsibilities as a taxpayer.
• Additional legal or professional obligations that apply to the tax services we provide.

For a full overview, refer to the sections above.

4. Prescribed Events Within the Last 5 Years

We confirm that Bove (previously Bove & Associates) complies with all regulatory requirements and has had no prescribed events as outlined below:
A tax practitioner must notify clients if, in the last five years, they have been:

• Suspended or deregistered by the TPB.
• Declared bankrupt or entered external administration.
• Convicted of a serious tax-related offence or fraud.
• Sentenced to six months or more of imprisonment in Australia.

This applies to both existing and prospective clients.

Note: Tax practitioners are not required to disclose events that occurred before 1 July 2022.

5. Registration Subject to Conditions

If Bove (previously Bove & Associates) were to have conditions placed on our registration, we would inform you if our services were restricted to specific areas, such as:

• BAS services, R&D tax incentives, or financial tax advice.
  You would be informed:
• At the time of engagement or re-engagement.
• Within 30 days of us becoming aware of such conditions.

External Links Disclaimer

www.bove.com.au may contain links to third-party websites for informational purposes. Bove (previously Bove & Associates) does not control or endorse third-party content, reliability, or security. Accessing external websites is at your own risk.

Changes to This Disclaimer

Bove (previously Bove & Associates) reserves the right to modify this disclaimer at any time without prior notice. Clients should review this page periodically.

For further information, visit:
www.tpb.gov.au
www.ato.gov.au

If you require professional tax advice, please contact Bove (previously Bove & Associates).