Tax planning sin 3: inadequate time spent on the tax planning process

Even with highly trained accountants and powerful tax planning software, there’s one truth that can’t be avoided. The 10-step tax planning process takes time—and that time is essential.

When steps are skipped, or when not enough time is spent on each stage, the outcome is predictable:

•  A rushed process = a substandard report
• Substandard reports miss strategies and opportunities
• Missed strategies mean the client pays more tax than they should

The difference between an average report and a superior one isn’t just formatting—it’s thousands (or tens of thousands) of dollars in real tax savings.

• A thorough process delivers the minimum legal tax payable.
• Clients gain confidence, protection, and measurable results.
• Firms strengthen their reputation as proactive, strategic advisors.

At TaxFitness, our system ensures every stage is completed properly—with structure, clarity, and efficiency—so accountants can consistently deliver superior outcomes.

The takeaway

Shortcuts save minutes for accountants… but cost thousands for clients.