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Tips for tax professionals

These tips will ensure you are helping your small business clients to report correctly and pay the right tax.

Last updated 30 October 2022

Most small businesses have some form of tax professional representation. We see many examples of the support and assistance tax professionals provide to small businesses.

Here's how you can help your small business clients report correctly:

  • Understand their business, not just their tax. Where possible, get to know your clients and their business so you're better positioned to help them report correctly.
  • Check that they have chosen a business structure that best suits their needs.
  • Talk to them about good record keeping practices and digital solutions (like accounting and point of sale software) to suit their business.
  • Make sure you get all the information you need to report correctly. Your clients aren't tax experts and they don't know what they don't know. Ask them some questions to ensure you have the full picture. This is particularly important for the clients you don't have regular contact with.
  • Where possible, work with the other tax professionals they use. Then you can ensure you are all on the same page and your figures match up.