QMS – TPB Perspective

In this episode of BKPod, Peter Thorp sits down with Deb Anderson from the Tax Practitioners Board to unpack one of the newest compliance obligations facing bookkeepers—Quality Management Systems (QMS). Now a requirement under Section 40 of the 2024 Code of Professional Conduct Determination, QMS is more than a buzzword—it's a practical system every BAS agent needs to understand.

Deb explains how the TPB has consulted widely with the profession to develop realistic, proportionate guidance for practices of all sizes. She breaks down what a QMS is, why it matters, and what bookkeepers can do to get started.

The conversation also explores key considerations, including:

• What the QMS requirement actually covers - and why it goes way beyond client work
• How existing checklists, templates, and client onboarding processes can form part of your QMS
• Why risk management and consistency are the heart of quality assurance
• What sole practitioners can do to comply without overcomplicating things

End of Financial Year Tips
As EOFY approaches, Kerrie Jarius shares practical tips to help bookkeepers squeeze 2 month’s work into one around EOFY. Managing deadlines, understanding deferrals, managing teams and clients as well as managing stress are all important. Peter & Kerrie also look at ATO & TPB changes that will affect the New Financial Year. There are immediate ATO impacts of GIC and SG changes as well as the TPB’s Code of Conduct changes including the QMS kick in from 1 July.

Whether you’re a solo bookkeeper or part of a larger team, this episode offers some practical, jargon-free tips to negotiate the EOFY ‘workload crush’ and come out smiling. Use the EOFY as a springboard for stronger compliance and start FY 20026 on the right foot.