How to help your clients with tax compliance and laws

Helping your clients stay compliant with tax laws and regulations is one of your key responsibilities as an Australian accountant or tax agent.

The Australian Taxation Office (ATO) has strict rules and guidelines that businesses must follow to avoid penalties and fines.  Here are some tips on how you can assist your clients with tax compliance:

Stay up-to-date with tax laws and regulations

Keeping up with the latest tax laws and regulations is the first step towards helping your clients with tax compliance.  

Make sure you stay on top of any changes made by the ATO including single touch payroll (STP) and payroll taxes. Educate your clients about how legal changes may affect their businesses.

Keep accurate records

To comply with tax laws, it is essential to keep good records. Ensure that your clients keep accurate and current records of all their financial transactions. By doing this, it will be easier for them to complete their tax returns.  This includes helping your clients maintain payroll records for employee wages & superannuation reporting.  You can even manage payroll on your client’s behalf via the free Payroller agent portal.  Solid financial record-keeping helps your accounting clients respond better to any questions from the Australian Tax Office (ATO).

Ensure timely lodgement of tax returns

Small businesses are subject to penalties and fines if they fail to lodge tax reporting and tax returns on time. As an accountant, you should be helping your clients file their tax returns on time. 

Understand deductions & credits

A business can claim a wide range of deductions and credits on its tax returns. Ensure your accounting clients are aware of any tax deductions and credits.  You can assist clients with claiming any tax credits if they qualify.

Provide tax planning advice

Tax planning is essential for reducing tax liabilities and ensuring compliance with tax laws. Identify your clients’ specific tax planning needs and develop a strategy that meets those needs.

Conduct regular reviews & be proactive

Tax compliance is essential for every business. It can be a deciding factor in several aspects, such as getting a business loan.

As an accountant, it’s your job to help your clients stay compliant. Regularly review your clients’ financial statements and tax returns. You should be proactive with identifying potential tax issues and offering solutions to your clients. 

Sign up as an Agent


Sign up to Payroller to use the free Agent portal to help your clients manage payroll and their business compliance.

Join the 16,000+ agents using Payroller to run payroll and report STP. Our ATO approved software is backed by over 2,700 reviews of five stars from clients. 

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