Business News

Renew with TPB, tax advisers warned

Almost 10,000 tax financial advisers still need to apply to renew their registration with the Tax Practitioners Board (TPB) by 1 January, 2018, the board has warned.

TPB chair Ian Taylor said time was running out for tax financial advisers to renew their registration and they would put their business at risk if they failed to renew on time.

“If tax (financial) advisers fail to renew their registration, they can no longer provide tax (financial) advice services for a fee or reward,” Taylor said.

“They will also need to lodge a new application and cannot provide services until the new application is decided.”

Tax financial advisers would remain registered until the TPB made a decision on their applications so long as they submitted their renewal application on time, he said.

He said advisers should ensure the following:

• they have updated their email address and mobile number on My Profile to be updated on important renewal information,

• they register for the TPB’s final free webinar for the year, “Top tips for renewing with the TPB”, to be held on 5 December, and

• they have had their completed statement of relevant experience verified by appropriate people before they apply.

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