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Liability management in a professional tax practice paper
Published on 14 Mar 08 by NATIONAL EVENTS, TAXATION INSTITUTE OF AUSTRALIA
This paper covers:
- sources of possible liability
- how to protect yourself
- the National Professional Standards scheme
- the Accounting Professional and Ethical Standards Board
- the new Tax Agent rules
- some "real life" case studies.
Author profile
Brian Patterson CTA
Brian has been practising in the tax area since 1978 and has worked across a broad range of taxes and clients in that time ranging from individual clients, small business clients as well as public companies and multinationals. For the last 20 years he has been a Partner in the tax practice of a Big 4 accounting firm and, for the last 4 of those years, has been the Partner responsible for managing the firm’s tax practice’s risk exposure. In that role he has worked on a range of matters where negligence has been alleged (and litigated) and been involved with developing the firm’s policies and procedures to deal with existing and new risks as they have emerged, dealing with regulators, standard setters and the like on emerging issues. - Current at 12 March 2008
This was presented at 23rd National Convention .
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Current issues in accounting for income tax
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The impact of Mcneil on market instruments
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Tax indemnities on sale of entities
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Liability management in a professional tax practice
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Cloning or splitting discretionary trusts
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Selling out – Tax issues for the baby boomer making a sea change/tree change
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