Welcome!
Hi There,
Here is a bonus newsletter for the month. I would like to remind you of a few things and keep you up to date with what's gong on at The Accounting Academy.
Let's get into it!
Reminders
Email - please use wegotyou@theaccountingacademy.com.au
Workload - please get me the list of your clients and the expected lodgement dates. This helps to ensure we manage our workload effectively and get tax returns lodge in a timely manner.
Turnaround times - a reminder that turn around times are currently 48 hours (business hours, so if you email me on Friday, expect a response by Tuesday). If you can get me your client list, it will help to ensure that we get everything lodged on time.
Meetings - if you would like to catch up with me, please book a time. you can find a time suits you here.
Process - Please ensure that we have letter of engagements, supporting documentation and workpapers for all clients. This is more important that ever as the ATO are much stricter than ever on this. We cannot just accept the clients word, even if the client signs off the tax return, our professional obligations mean we must have all documentation in order.
Training - I know I said this would be out last week. Who knew, it takes long than you would expect to create a course! I am finishing the first one this week. The likely timeline is one a week and I will be covering all the processes.
In the meantime, there are a lot of handy courses on the respective websites, below:
Invoicing
The process for invoicing is as follows:
- Issue your client an invoice from The Accounting Academy Services Pty Limited.
- You issue me an invoice from your business to The Accounting Academy for 100% of the fee.
- I will invoice you my fee and pay the balance.
Please ensure you send me your invoice at the same time you send the invoice to your client.
If you have your own licence, please send me a copy of the clients invoice and your purchase order, and I will send you my invoice.
Help is coming!
I have hired someone to help with the tax return review.
This person will do the initial reviews and provide feedback. I will do the final sign offs and all the training.
I will send an introduction on Monday.
The Wrap Up
If there is anything you would like to see, or if you have any feedback on this newsletter, let me know.
As always, if you have any questions, please reach out.
Have a great week!
Cheers,
Daniel
