How to Become a Tax Agent

Have you ever considered becoming a tax agent? How much fun would it be to be amongst some of the most important people in the world?

Earning a living out of saving people in need of your tax services. If that’s you, then this article will help you get there. 

Venturing into the world of being a tax agent needs learning and determination because a lot of people depend on your expertise.

They need to trust that you are a qualified and registered officer who knows what they do when work calls. 

In this article, we focus on all you need to know about tax agents and more, as follows; 

How to become a tax agent

If the question, “How can I become a tax agent? “has ever been in your mind, you are in the right place for the correct answer. Yes, you can.

The one thing you need to know about is that you have to go through the Tax Practitioners Board (TPB) with your rightful documents.

 You will get the license you need from the TPB portal, whether you register as a company or an individual.

Depending on your choice, the license should last you for at least a year.

Requirements needed to become a registered tax agent

For one to become a registered tax agent, there are specific qualifications they need to have, which include the following, according to the Australian Government;

1. You must be 18 years old and above, which is the eligible age for application.
2. You must be qualified for the position.
3. You must have and provide proof of documents such as education papers, certificates of awards, transcript, etc.
4. You must be of sane mind and a proper fit for the position.
5. You must be able to maintain professional indemnity insurance to meet their requirements.
6. If you are running a company, you must have enough registered tax agents to hold office and provide clients with tax agent services.

Note: To become a paid and registered tax agent, whether as an individual or a company, you need to register yourself with the Australian Government and be approved to enter the business. 

What are the online services for agents?

The online services for agents (OSFA) is simply a system that allows BAS and tax agents to access the services offered and their clients’ information.

Through online services, agents can prepare, lodge, and even receive instant information they need to serve their clients. 

Partner with KSH TAX to help you get started as a tax agent

Are you passionate about becoming a tax agent or want to run a tax agent firm? If so we are looking for you. Join us as a franchise and let us help you grow your career us as a tax agent.

Here’s what we offer;

1.  Access to leading tools like Xero among other software solutions for a seamless business run. 
2. Regular training to keep you and your team updated with latest accounting practices.
3. Tailored marketing assistance at no extra fee charges.
4. Dedicated accounting assistant to help you run your services smoothly, meet deadlines and offer support where need be.

Bottom line

Practicing would be a good start if you are inspired to become a tax agent.

Provided you comply with the TPB requirements and needs, your business will be registered, and you will be good to go as a tax agent.

From there, you can start earning your hard-earned cash in the comfort of your office. It’s truly never too late to begin your career!