In 17 November 2020 the TPB released some Question and Answer comments on Cloud computing and confidentiality as a result of questions received during the webinar. There are a couple of very interesting answers that will surprise most accountants. It’s worth also referring to the TPB practice note TPB(PN) 1/2017 on Cloud computing and the Code of Professional Conduct which …
TPB rattles Outsourcing and Offshoring Users. Draft practice note released
A few days ago the Tax Practitioners Board (TPB) released draft Practice Note TPB(PN) D38/2017 to provide practical guidance and assistance to registered tax practitioners in understanding their obligations under the Code of Professional Conduct in relation to the use of outsourcing and offshoring. It should be noted that this is a draft practice note, and submissions and comments are invited …
The Philippines pulls rank in the customer service industry
The Philippines is now being claimed as a “go-to” destination for outsourcing activities. When you consider the high cost of compliance in Australia, there was very little or no difference in quality and a significant saving in costs… Not all accountants, however, are sold on the idea of outsourcing. BPO isn’t right for every situation, but expert groups argue it …
Cloud computing and the Code of Professional Conduct. TPB Exposure draft
The Tax Practitioners Board (TPB) has released an exposure draft on Cloud Computing. Per the ED, a registered agent must know and understand the nature of any cloud computing arrangements they enter into, particularly in the context of how these arrangements impact upon the tax agent services being delivered to their client. Cloud services include information storage, lodgment of returns, …