Simpler Tax Overview

The Simpler Deductions product from Simpler Tax is designed so that accountants can give the most accurate compliance advice possible to their clients – and avoid an audit. The solution essentially enables accounting firms to compare the data of the individual return with known ATO benchmarks in real time.

Executed discretely (without submitting to the ATO), a generated report provides the advisor with advice on all proposed deductions from the client and how they compare, including those that are lower than expected. What this means is that new and improved services can be offered which will provide more comprehensive and accurate tax advice, including the option for the taxpayer to reduce their risk through additional services including Audit Insurance.

With Simpler Deductions, you are also provided with precedent documents in the form of useful templates and worksheets individual clients can use to document their work related and non-work related expense claims.

Simpler Tax Key features