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FAQ – General

Is tidytax a software package?

No! tidytax is a physical book with complimentary access to a vast amount of web based support (videos & work papers).
 

What’s the difference between tidytax for business & individuals?

tidytax for business is especially for business owners.
tidytax for individuals is INCLUDED with tidytax for business, and is especially for real, everyday people.
You can also download tidytax for individuals by itself (without buying tidytax for individuals) for free. Look below for more FAQs about each product.

Is tidytax like MYOB or Quickbooks or Xero?

No! tidytax is a physical book with complimentary access to a vast amount of web based support (videos & work papers).

Does tidytax work with ANY bookkeeping system or software like MYOB or Quickbooks or Xero?

Yes! tidytax can work with any computerised bookkeeping system. You can use tidytax with old fashioned cashbook or excel based systems too.

 
 

FAQ for business

Will I still need an accountant?

Yes! tidytax for business is a tool to help you provide all the information your accountant will need to complete your financial statements & tax returns. tidytax for business ensures you provide all the information for your accountant to get the best tax outcome for you. He or she will love you for using it.

Oh, this is too much work can my bookkeeper do this for me?

Of course! Doing this means you are spending your money wisely – it’s much better for your bookkeeper to do this for you than for your accountant to drag the information from you later on. tidytax for business provides a comprehensive system for your bookkeeper to collect and compile your valuable documents. Your bookkeeper will have a tool that provides them with the confidence they are doing the right job for you.

My accountant has their own checklist. Can I still use tidytax for business?

Yes! Refer to your accountant’s checklist as you work through tidytax for business and mark the questions you have answered. If there are any other questions your accountant requires answers to which are not in the checklists provided, then tidytax for business has a section for those answers in the “advice” section. You’ll be guided through this process.

Won’t I then be doubling up on work?

tidytax for business offers a comprehensive and easy to understand system to correct your data file and gather all the supporting documents your accountant will need. tidytax for business goes into much more detail than the average checklist provided by accountants and is written in plain english which is easy for non-accountants to understand. There are FREE supporting resources such as “How To” videos on our web site once you have logged in to the member’s only resource section. In the majority of cases you will find that completing the tidytax for business checklists will cover off your accountant’s checklist plus more. And the help in doing so is free.

What if I get stuck?

tidytax for business has lots of online resources to help you successfully work your way through. Take a look at the introductory video which provides tips for what to do when you are not sure of the information you are being asked to provide. Look here first to see if you can get help. If you are still stuck then you are best off asking for help from a bookkeeper or your accountant.

I don’t like filling in forms or checklists. Can tidytax for business still work for me?

Yes. It is much cheaper for you to engage a bookkeeper to work through tidytax for business than it is for you to pay your accountant to do so. Did you know your accountant is at least $100 per hour more expensive than your bookkeeper?

And bookkeepers will be very happy to help you. Your accountant will love you for it.

I love tidytax for business. Can you give me advice specific for my circumstances?

No. tidytax for business is the ultimate reference tool for you to get all your paperwork together so that your accountant can do your tax returns for you and hopefully be able to provide you with advice to minimise your tax. tidytax for business is not intended to provide taxation advice for you in your particular and unique circumstances; your accountant or tax advisor is the most appropriate professional to assist you.

I used tidytax for business, but my accounting fees were the same. You told me I’d save money. I’m not happy!

We did tell you that you would maximise the total spend on your compliance (which are financials and income tax returns) fees, not necessarily decrease the money spent on your accountant. There could be many reasons why your fees were the same, and we’ll assume that you feel you completed every part of tidytax for business properly. Perhaps your accountant has spent much less time doing the compliance work, and more time talking with you to come up with strategies to earn you more money or save tax in the long run. This is what your accountant should be doing for you. This is often not done, because your accountant has already spent all your money on getting the information they need to do the basics you expect of them. Ask them if your compliance costs were actually less. Ask them how you could save more. If your accountant said the effort they took to complete your compliance work was the same as last year, hence the same fee they are implying their workload was the same as last year. You should then ask them whether there were changes to your situation that necessitated the additional time, or perhaps they consider your best (or your bookkeeper’s best) just wasn’t good enough when working through tidytax. They may have had to ask you lots of questions and spend time fixing your errors. Perhaps you should ask your accountant for honest feedback and consider using a bookkeeping professional to help you next time.

Next year, you may consider asking your accountant for a quote before they start your work, so you know what you’re up for.

For now, if you are unhappy with the amount of your accounting fees, speak directly to your accountant; ask them how much time they spent this year versus last year for your compliance work. Ask them the tricky question and see what they say. You may be able to agree to an adjustment to your fee.

 

What if I can’t answer a question?

Leave it, and make a note in the “Questions for my accountant” section. Your accountant will be very happy to assist, especially when they see how committed you are to getting the right information for them. Be certain to take a look at the introductory video in the resources section which outlines what to do when you are unsure of what to provide. That way you can ask your accountant the question, and provide the information he or she requires to provide the answer.

I have stuffed up a schedule; what can I do?

The schedules are available in the member’s only resource section. You can print another one from there.

 

I have more than one rental property; where can I get more worksheets?

The schedules are available in the member’s only resource section. You can print as many as you need from there.

 

I have run out of room on my worksheet; what do I do?

The schedules are available in the member’s only resource section. You can print as many as you need from there.

 

How do I archive my completed tidytax for business at the end of the year?

It’s easy. Refer to the member’s only resource section which contains a video called “how to archive tidytax for business for the new financial year”.

 

Can I reuse tidytax for business every year?

Yes, and no. As a keen recycler you can probably find a way. In practice you may find it simpler to archive the entire book and start a new tidytax for business for the new financial year.

 

 

FAQ for individuals

Will I still need an accountant or tax agent?

Yes! tidytax for individuals does not replace the Australian Taxation Office’s publication “TaxPack”, nor does it replace professional advice from an accountant or tax agent.

tidytax for individuals is a tool to help you provide all the information your accountant or tax agent will need to complete your tax return.  tidytax for individuals is jam packed with information that will help you gather the information your accountant will need to claim all the tax deductions you are entitled to.

Oh, this is too much work. Can my bookkeeper do this for me?

Of course! tidytax for individuals provides a comprehensive system for your bookkeeper to collect and compile your valuable documents. Your bookkeeper will have a tool that provides them with the confidence they are doing the right job for you.

My accountant has their own checklist. Can I still use tidytax for individuals?

Yes!  tidytax for individuals is free so you can still download it and read the information provided to see if there are any deductions that you feel you may be entitled to.  If this occurs you can then ask your accountant or tax agent about these and the application to your unique circumstances. You may choose not to complete the tidytax for individuals checklist depending on how comprehensive the checklist from your accountant or tax agent is.

What if I get stuck?

tidytax for individuals has lots of resources to help you successfully work your way through the checklist. If you are not sure how to answer a question, just collect as many documents as you can in relation to that topic, and bring this along to your accountant or tax agent who can help you work through the issue to your personal circumstance.

I don’t like filling in forms or checklists. Can tidytax for individuals still work for me?

Yes. It is much cheaper for you to engage a bookkeeper to help you complete tidytax for individuals than it is for you to pay your accountant to do so.

I love tidytax for individuals.  Can you give me advice specific for my circumstances?

No. tidytax for individuals is the ultimate reference tool for you to get all your paperwork together so that your accountant or tax agent can do your tax returns for you and hopefully be able to provide you with advice to minimise your tax. tidytax for individuals is not intended to provide taxation advice for you in your particular and unique circumstances; your accountant or tax advisor is the most appropriate professional to assist you.

What if I can’t answer a question?

Leave it, and make a note in the “Questions for my accountant” section.  Your accountant will be very happy to assist, especially when they see how committed you are to getting the right information for them.

Can I reuse tidytax for individuals every year?

No.  There are many changes to tax legislation that occur each year. The Australian Taxation Office makes constant adjustments to the information they provide to taxpayers to assist them in completing their income tax returns. tidytax for individuals is updated each financial year and cannot be re-used in subsequent financial years.

Why do I have to download tidytax for individuals?

We provide you with an electronic version of tidytax for individuals so that you have the latest information at your fingertips. We couldn’t do this for you quickly and efficiently if we supplied physical copies.

about the tidytax family

about tidytax for business

about tidytax for individuals