Tax planning with a report vs without a report

“Data is not information, information is not knowledge, knowledge is not understanding, understanding is not wisdom.”
– Clifford Stoll

Too many accountants are doing tax planning without providing a formal, client-ready report. If that’s you, here’s the problem:

You’re giving away valuable advice without packaging it in a way that demonstrates your expertise, builds trust, and justifies your fee.

Let’s compare the two approaches:

	✅ With a Report	❌ Without a Report
Clear structure & record	Advice is documented and client can revisit anytime	No formal documentation — risky and unclear
Quantified tax savings	Highlights real $ value of your advice	Hard for clients to grasp the true benefit
Strong audit defence	Supports compliance and mitigates risk during ATO audits	Higher audit and dispute risk due to lack of evidence
Professional perception	Positions you as a trusted tax advisor	Can damage your image — feels unstructured or ad hoc
Justifies advisory fees	Easy to demonstrate ROI and charge premium	Clients question pricing — harder to charge premium
Easier implementation	Clear next steps = higher follow-through on strategies	Clients forget, delay, or abandon advice
Improves retention & referrals	A tool to re-engage clients annually and attract referrals	Missed opportunities to grow or deepen relationships

A tax planning report is not a “nice to have” — it’s essential to delivering professional, valuable, and defensible advice.

That’s why 500+ accountants across Australia now use TaxFitness to generate branded, structured reports that:

• Quantify savings
• Explain strategies clearly
• Build client confidence
• Increase recurring revenue

Want to elevate your tax planning process and grow your advisory revenue? Book a demo here now!