PERSONAL TAX SERVICES - UNTAPPED REVENUE You have business clients. Do you also do their personal tax? Personal tax is: - Recurring revenue (every year) - Higher margin (less work than business tax) - Client retention (people stay for personal tax) - Cross-selling opportunity (once you have client, easy to add personal) - Compound revenue (as you grow client base, personal tax grows) But many practices leave this on table: - Don't ask clients if they need personal t

COMPLIANCE AUDIT - IS YOUR PRACTICE COMPLIANT? Are you compliant? You think so. But have you checked? Compliance areas you should audit: 1. Data security (client data encrypted, backed up, secure) 2. Privacy (complying with privacy law) 3. Tax (you're calculating taxes correctly, lodging on time) 4. Superannuation (paying contributions on time) 5. BAS (lodging accurately, on time) 6. STP (payroll reporting to ATO weekly) 7. Accounting standards (using correct accoun