You are a registered BAS agent working for a large accounting firm NSW Tax Specialists P/L a)

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Question:

You are a registered BAS agent working for a large accounting firm NSW Tax Specialists P/L

a) Identify and list three continuing professional education (CPE) activities that you could undertake in the year ahead to ensure you stay up to date with any changes in legislation.

b) You are preparing to renew your registration with the Tax Practitioners Board and you are required to submit a log of your continuing professional education. You have undertaken the following professional development activities over 2020:

· A partner at your firm who specializes in FBT gave a one-hour presentation on 13 April to staff regarding the changes to FBT legislation, followed by a one-hour interactive discussion and consideration of a complex hypothetical case study. This session was advertised internally on your PD calendar and you received a certificate of attendance.

· A two-hour online webinar delivered by the Australian Bookkeepers Association Ltd on Tax Assistance for North Queensland floods, including fringe benefits tax (FBT) exemptions apply to employers who assist their employees in emergencies, such as natural disasters. You have a receipt for the payment and a certificate of completion. You completed the course over two days - 15-16 July.

· The NSW Annual Tax Forum, a two-day event hosted by The Tax Institute on September 20-21 which provides 14 structured CPD hours. You have a receipt for the payment, a registration ticket and a certificate of attendance. You attended the keynotes on Superannuation and Estate Planning, Property Investments and Uncommon Transactions in SMSFs, CGT Concessions, and Potential Changes to Tax Laws with a Change of Government.