I only use Extrado for tax returns. Does this still apply to me?

It depends on the services we provide.

Preparing a straightforward individual tax return may not be a designated service on its own. However, the requirements may apply if we also assist with matters such as:

• establishing a company or trust;
• managing or restructuring an entity;
• assisting with a business sale;
• dealing with director loan arrangements;
• assisting with financing; or
• providing a registered office address.

Because Extrado works with a number of businesses, entities and family groups rather than only preparing standalone individual tax returns, we expect the requirements to apply to a significant portion of our client base.