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- Accountants are fighting for the confidentiality of their clients, does your business fall in the $12.4 billion ATO bracket?
Accountants are fighting for the confidentiality of their clients, does your business fall in the $12.4 billion ATO bracket?
Accountants will have to disclose certain statements made by their clients in the new compliance rules...
Benjemen Elengovan
August 11, 2024
Hey Gigster đź‘‹
Do you feel stuck in the middle of all this? Half of the tax season has passed and the other half doesn’t really ask much of you. Except for it does, manual tax lodgement involves so much of back and forth communication with your tax agent because the biggest challenge is maximising your returns while remaining compliant.
Should you be worried about anything during this tax window? Well, not directly but some extra co-operation with your accountant will make the process seamless and fruitful because accountants are currently finding it difficult to keep up with so many new rules 👇
eight new professional and ethical standards and obligations
delaying incorporation of compliance related obligations
official disclosure of business related information to clients as well as authorities
several deadlines to cover in order to keep operating their business
Many accountants are signing up for automation and software assistance that will help them overcome these problems easily.
Why an software-backed Accounting Firm is Your Best Bet
Simplified Finances
Automated tasks mean everything’s organised and up-to-date without extra effort.
Spot-On Accuracy
No more errors—software keeps your records precise and compliant.
Access Anytime
Check your numbers or share documents anytime, anywhere.
Real-time Insights
Stay up-to-date with your business’s financial status instantly.
Cost Effective
Automation saves time and money, so you get more for less.
Efficient Security
Your financial data is secure, encrypted, and backed up regularly.
Easy Tax Season
Taxes are calculated, reports are prepped, and deductions are found for you.
Controlled Cash Flow
Real-time monitoring keeps your finances in order. We’ve shared some additional checklists that can help you streamline your emergency finances further!
Compliance made Easy
Never worry about getting the legalities wrong and paying penalties.
Scalable solutions
Drop the hassle of shifting from one accountant to another when your business expands, stick to your old tax buddy, their automation will upgrade your profile on its own!
MyGigsters is thrilled to announce our special webinar for accountants, it’s online, super accessible and absolutely free for accounting businesses who want to grow their business and attract high net worth clients!
Accounting expert - Ash Jindal from Clear Tax will be joining us for a game-changing conversation, here’s where accountants can sign up 👇
Hope you loved this edition of the Gig Scoop! Stay tuned for more resources, discussions and latest updates…
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See you in the next edition - Go Gigsters!
Benjemen
CEO & Founder of MyGigsters