BULK CLIENT TRANSFER

 Author: TobyJDodd(Devotee)Registered Tax Professional

17 Mar 2024

Hi

I did this many years ago.

Requesting a whole-of-practice transfer

Before completing and submitting your request you need to:

• register for PLS, if necessary
• update your address with the Tax Practitioners Board
• External Link
• .
• update your client list, removing clients as necessary
• have consent from all your clients to transfer their information in compliance with Australian Privacy Principles
• check if any tax returns need to be rekeyed on the new RAN.

To request a whole-of-practice transfer include the following information:

• the registered agent name and RAN of both agents
• the new postal address and roles you want the transfer to apply to – for example, income tax, activity statements, fringe benefits tax
• a signed authority from both registered agents for the transfer to take place
• a signed statement indicating that all your clients consent to transfer their information
• for tax agents – whether you want all the further return not necessary (FRNN) clients transferred, if not, they will need to be deleted or to have given their consent for the transfer.

Example: Template of request for a whole of practice transfer

I (name and RAN) – registered agent, hereby notify the Australian Taxation Office that I have transferred my practice to (name and RAN) – registered agent.

Or

I (existing entity, for example sole practitioner) – registered agent (name and RAN), hereby notify the Australian Taxation Office that I have restructured my practice and am now practising as (new entity, for example partnership) – registered agent (name and RAN).

I further notify the Australian Taxation Office that all my clients have agreed that (name of new registered agent) – registered agent, can prepare income tax returns and transact business in tax matters on their behalf.

Date of request:

Signature of existing registered agent/entity:

Print name:

Signature of new registered agent/entity:

Print name:

End of example

Send your request online

Use Online services for agents:

• select the topic General questions/problems/help
• select the subject Whole of Practice Transfer
• attach your whole-of-practice transfer request to the message.

If you have any queries about whole-of-practice transfers, phone us on 13 72 86 and use Fast Key Code 3 2.

A whole-of-practice transfer takes 28 days to process.