Question: Clients in the same industry and registered agent with personal interest Situation Serena is a registered tax agent and has a number of long time

Clients in the same industry and registered agent with personal interest

Situation

Serena is a registered tax agent and has a number of long time clients, one of which is Cold Ice, a large ice-cream retailing franchise. Serena has a 30% ownership interest in Cold Ice.

Serena approached by Ice Cool, a rival ice-cream retailing franchise to provide tax agent services including tax planning work.

Identify the conflict of interest.

How can you manage conflicts of interest?

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