20/05/2026
This isn't here to freak you out, just to educate. We don't know what we don't know.
It's an important understanding you need to be aware of, but unfortunately unless you're in the industry then you're unlikely to know this.
If you EMPLOY (not a contractor) someone to do your accounts, they can do any of the day to day tasks without consequences.
If you engage a registered BAS Agent (this could be a bookkeeper or an accountant, as long as they hold the relevant registration) then you're in the clear.
If you engage a VA, who happens to do the books for you as part of a wider service - they're likely unregistered and are in breach of the Tax Practitioners Board legislation.
There are penalties for those who breach, but insofar as the flow on effects for you as a business owner, they could be far wider.
BAS Agents are required to complete CPE hours to maintain their registration, plus hold membership with industry association(s), and hold professional indemnity insurances among other things.
This means that they're up to date with (ever changing π« ) legislation, have the backing and support of industry associations and have met the minimum 1000 hours of experience before they're even able to register. Plus, you would sign an engagement letter for their services as an agent.
Compare that to a VA who adds in bookkeeping as a service, and it's easy to start to see how you could be engaging someone who can make mistakes (unintentionally), which can have a flow on effect to the accuracy in meeting your tax obligations.
It's important to understand the difference, so you can make the best decisions. Do you know if your VA is registered?
Always in your corner,
L x