Tax Return and Activity Statement preparation and Lodgement Process

Collect information – You
Gather all documents and details from the client.
Prepare the accounts – You
Finalise the bookkeeping and check for any missing items.
Prepare the workpapers – You
Complete all relevant workpapers in full.
Prepare the return or BAS – You
Use the software to draft the return or BAS, based on your workpapers.
Initial review – The Accounting Academy
We’ll check everything and give feedback if anything needs fixing.
Fix review points – You
Make the changes we’ve flagged and update your work.
Final review – The Accounting Academy
We’ll do a final check and approve it for signing.
Send to client for signing – You
Once approved, send it to the client to review and sign. Do not send it to the client before the final review is completed. We will email you to tell you it is ready to send.
Mark return as signed in XPM - You
Once signed, you mark the return as signed.
Lodge – The Accounting Academy
We will lodge the signed return or BAS with the ATO.
Follow up – You
Check that the client has paid and received their Notice of Assessment.

Note: you cannot send any returns to clients before we have reviewed them.

To speed up the lodgement process, please ensure you have completed all courses and have completed all the workpapers.

Here’s how we work together to get a Tax Return or Activity Statement prepared and lodged correctly.