Does cloud computing mean software providers should be registered tax agents?
November 5, 2015
Grazed from InTheBlack. Author: Christopher Niesche.
Changes brought about by cloud computing, the oversight of tax financial advisers, and streamlining its services are some of the challenges the Tax Practitioners Board (TPB) is facing over the next 12 months. Just like the broader tax and accounting profession, the TPB is responding to the challenges thrown up by increasing IT capability and cloud storage of information.
Chair of the TPB, Ian Taylor FCPA, says it is providing guidance on these trends. “We’re seeing a very marked change in the way people do business digitally,” he says. “We’re getting an increasingly electronic interchange of information and interaction with the Australian Taxation Office (ATO). That means changes for agents, because a number of agents previously used to lodge only by paper.”…
The trend also raises issues for the providers of accounting software themselves. A lot of this software provides the technology that actually communicates with the ATO, so its makers have to be careful not to put themselves in a position where they need to become registered tax agents…
Read more from the source @ http://intheblack.com/articles/2015/11/05/does-cloud-computing-mean-software-providers-should-be-registered-tax-agents