Hi There,

Can you believe it’s already April? The 15 May deadline is creeping up fast, so now’s the time to stay sharp and get things moving.

Expect a few delays in responses as things ramp up. I’ve outlined below how to get your tax returns and BAS done faster (and with less back-and-forth).

There are also some updates to processes and a couple of quick reminders to keep you on track.

Let's get into it! 

Process Updates - Schedules

Updated Workpapers and Schedules

We’ve made a few updates to the Xero workpapers and some of the schedules to make tax return prep (and our review) a whole lot smoother.

You’ll notice things are more broken down now. Yes, it might look like more work, but really it’s just cleaner data entry - no more guessing or recalculating stuff that should be simple.

This means fewer mistakes, faster feedback, and better results for everyone.

Heads up: The Business Schedule is only needed if your client isn’t using Xero, so if they’re working off spreadsheets or something else, that’s when you use it.

You can find the links to the schedules in the updated Xero Workpapers and below:

• Rental Schedules
• Business Schedules
• Deductions Schedules

We also have courses coming out for the above, and for Activity Statements. Its all recorded, I just need to get it up on the LMS and invite you in.

Facebook Group

Facebook Group is Here

The Facebook group is up and running. A big thanks to those who’ve already jumped in.

If you haven’t joined yet, do it. This group is here so you can ask questions, swap ideas, and get support from others in the program (who are likely dealing with the same stuff as you).

You’ll be surprised how much you know just by jumping in and helping someone else out. That’s where the real learning happens; doing the work and teaching it.

Once you're in, make sure you post a quick intro so we know who you are and what you’re working on. That way, we’re not just names in a list; we’re a proper crew.

Make sure you introduce yourself so everyone gets to know you.

Tax Updates - Deadlines

May 15 and BAS Deadline's

I haven’t heard much from some of you lately, which is a bit disappointing.

Just a reminder: it’s not just tax time, it’s BAS time too.

Here are the key deadlines:

• 28 April – Super contributions due

• 15 May – Tax returns due

• 21 May – IAS due

• 25 May – BAS due

As I’ve said a hundred times: the earlier you get things in, the faster it gets done. Just like school assignments; the longer you leave it, the longer it drags out.

If you want your returns and BAS lodged on time (without endless back and forth), make sure:

• All workpapers are filled out properly, including the updated schedules

• If something doesn’t apply, leave a comment or review note - don’t just skip it. 

If we see blank workpapers with no explanation, we’ll send it back. That means delays - and we’re not chasing people during deadline season.

Got questions? Book a call here.

Also, with things heating up, allow up to 72 hours for review. If you don’t follow the process properly, you’re looking at weeks, not days.

Reminders

A few things for you to remember:

• The Intranet is slowly being built and contains the policy and procedures and links to helpful  information.
• Remember to book in a meeting if you need to go through anything. You don't have to sit and wonder, book in  a time that works for you!
• Webinars have been cancelled for the busy period.

Wrapping Up

If there’s one thing you take from this email, it’s this: May 15 will hit before you know it, so get cracking on any tax returns and BAS now.

The sooner you start, the smoother it’ll go. Leave it too late, and you’ll be stuck in the backlog.

Let’s make this easy. Follow the process, get your work in early, and we’ll take care of the rest.

If you are struggling, do not hesitate to reach out!

Have a great day!

Cheers,

Daniel