Tax Planning

Tax planning isn’t just about tax; it’s about better advice

20 May 2025
tax planning advice

Most accountants are still reacting to tax. The best firms? They plan it. The ATO says “Tax planning… is the arrangement of financial affairs to keep taxes to a minimum.” But that’s just the starting point. At TaxFitness, we define tax planning as: The proactive and strategic structuring of a client’s financial affairs to legally…

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Unlock your clients’ true potential with one simple checklist

13 May 2025
simple client checklist

Most accountants don’t truly know what their clients want until it’s too late. Tax returns and compliance work tell us what happened. But they don’t tell us what’s important to the client or where they want to go. And if we don’t know what they want, how can we help them get there? That’s where…

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Most clients don’t actually know what their accountant does

6 May 2025
Accountant working

They see the tax return. The final numbers. The result. But behind that are hours of analysis, compliance checks, and strategic thinking they never see. So, how do you show your value and open the door to tax planning conversations? At TaxFitness, we recommend a simple but powerful step: Integrate three quality control checklists into…

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Why tax planning fails and how to fix it in 10 minutes

1 May 2025
business man on a mountain

Most accountants struggle to sell tax planning and business advisory services — not because clients don’t want them, but because the practice doesn’t understand the client. Here’s the truth: If you don’t know your client’s current financial position… If you don’t know what they actually want to achieve… Then of course you’ll struggle to sell…

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Tax planning without a system? That’s a recipe for chaos

29 April 2025
corporate chaos

Most accounting practices have nailed the system for tax returns, BASs, and financials. But when it comes to tax planning, too many are still winging it – and it’s costing them. Without proper systemisation, tax planning becomes: Ad hoc and inconsistent Offered to only a select few clients Priced too low – or worse, not…

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The proven framework to deliver scalable, profitable tax planning

24 April 2025
scalable business

Most accounting firms want to offer tax planning—but few have the systems to do it well. The TaxFitness 10-step tax planning process gives your practice a clear, repeatable method to deliver real value to clients and grow your advisory revenue with confidence. Here’s how it works: Step 1: systems and practice integration Embed tax planning…

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78% of tax agent-prepared returns have errors

10 April 2025
accounting mistakes

That’s not just an ATO stat, it’s a wake-up call. According to the ATO’s Individuals Not in Business Tax Gap Report, a staggering 78% of tax returns prepared by registered tax agents contain errors. Most of these are unintentional, of course – but they highlight a deeper issue in the industry: Many accountants rely solely…

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Why tax planning is the smartest growth move for your accounting firm

10 April 2025
accoutant growth

Let’s face it, most traditional accounting services are seen by clients as mandatory form-filling exercises. BAS lodgements, compliance reports, tax returns etc, they may be essential, but they’re rarely appreciated. Why? Because clients don’t feel the value. These services are expected, not celebrated. But what if your firm could flip the script? Value-added services create…

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Tax planning has evolved – has your firm kept up?

3 April 2025
accounting technology

Over the past two decades, accounting technology has transformed every aspect of practice management. Financial statements, budgeting, and tax returns are now automated and streamlined. Now, tax planning is undergoing the same shift – driven by advanced, AI-powered software. From manual to strategic What was once a slow, ad hoc process has become a high-value…

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Double your fees without more clients

20 March 2025
gold bart chart running

Most accountants undervalue their expertise by focusing only on compliance. but what if you could double your fees, or even more – without chasing new clients? The answer: tax planning + business advisory + benchmarking. Your clients don’t just need tax returns; they need strategic insights to improve cash flow, profitability, and business performance. They…

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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2