Based on the figures you provide we work out your tax payment and dates. You will be emailed a monthly report. Please note, this service does not include an end of year tax return. Instead we help you manage your tax cash flow each month.
Terms and Conditions:
We will pull data from xero (or data you provide) and will work out the tax amounts for you based on either fixed or annualised method.
The client will need to invite Tax Buddy to their Xero
The client will need to provide information such as losses carried forward, tax paid and any other source of income which may apply.
The tax will be based on projected figures
TaxBuddy will not be providing any accounting advice
TaxBuddy will rely on Xero to work out the figures
An Accounting Practice using Tax Buddy for 100 entities, shows a profit of around $35,475. It doesn’t just increase your profit, it also requires less training time for your staff, less errors than what humans will make and you can go through each client’s tax planning and the opportunity cost is freeing up your time to do value add work.