The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Research tax requirements
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1.1 Identify the client's circumstances and tax (financial) advice services relevant to tax requirements Completed |
Evidence:
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1.2 Identify sources of tax information relevant to client's circumstances and tax (financial) advice services requirements Completed |
Evidence:
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1.3 Research relevant legislation, including Tax Agent Services Act 2009 and Tax Agent Services Regulations 2009, Australian Taxation Office (ATO) guidelines and other regulatory and ethical requirements relevant to the tax requirements of the client's circumstances and the tax (financial) advice services being provided Completed |
Evidence:
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2. Explain relevant tax requirements and adviser's scope of authority
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2.1 Identify legal, regulatory and ethical requirements that apply to the tax requirements relevant to the client's circumstances and tax (financial) advice services Completed |
Evidence:
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Explain the scope and authority of providing tax (financial) advice services to the client Completed |
Evidence:
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Explain to the client, within scope of authority, the tax requirements that apply to their circumstances and the tax (financial) advice services being provided Completed |
Evidence:
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Advise the client to seek independent tax advice or specialist advice as required Completed |
Evidence:
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Explain implications of tax requirements
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3.1 Analyse the implications of the tax requirements relevant to the client's circumstances and tax (financial) advice services, including how it applies to individuals or different legal entities Completed |
Evidence:
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Explain to the client, within scope of authority, the implications of the tax requirements that apply to their circumstances and the tax (financial) advice services provided Completed |
Evidence:
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Maintain knowledge of tax and tax administration requirements
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4.1 Identify sources of information for tax administration requirements, including assessments, amendments and objections, relevant to the client's circumstances and tax (financial) advice services Completed |
Evidence:
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4.2 Review client's circumstances and tax (financial) advice services provided and apply changes in tax or tax administration requirements, as necessary Completed |
Evidence:
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Access and use systems for maintaining up-to-date knowledge about relevant tax and tax administration requirements Completed |
Evidence:
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4.4 Conduct research to identify updates, or additions to, tax and tax administration requirements relevant to client's circumstances and tax (financial) advice services provided Completed |
Evidence:
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Explain relevant tax requirements and adviser's scope of authority
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Identify legal, regulatory and ethical requirements that apply to the tax requirements relevant to the client's circumstances and tax (financial) advice services Completed |
Evidence:
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Explain the scope and authority of providing tax (financial) advice services to the client Completed |
Evidence:
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Explain to the client, within scope of authority, the tax requirements that apply to their circumstances and the tax (financial) advice services being provided Completed |
Evidence:
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Advise the client to seek independent tax advice or specialist advice as required Completed |
Evidence:
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