Managing your tax affairs correctly isn’t just a good idea; it’s a legal obligation. Whether you’re an employee, sole trader, investor, or small business owner, you need to provide accurate information to your accountant or tax agent and stay compliant with the Australian Taxation Office (ATO).
At Rod Accounting & Financial Services in Geelong, we work closely with our clients to ensure their tax returns are not only maximised but also fully compliant with ATO and Tax Practitioners Board (TPB) regulations. But for that to happen, both parties, you and your tax agent, must meet certain responsibilities.
In this article, we’ll outline what’s expected of you as a taxpayer and what you should expect from us as your trusted tax agent.
The relationship between a client and their tax agent is based on mutual trust and compliance. You rely on us to interpret and apply complex tax laws correctly, but to do that well, we rely on you to provide honest, timely, and accurate information.
If either side fails to meet its responsibilities, it can lead to:
Let’s break it down clearly.
To help us help you, here’s what you need to do:
The most important rule: never provide false or misleading information. This includes over-claiming deductions, under-reporting income, or omitting financial activities such as crypto trading or rental income.
Example: Telling us you used your car for 100% business when it’s only 60% is a red flag that could lead to an audit.
You’re required to keep receipts, invoices, bank statements, and supporting documentation for at least five years from the date you lodge your return. This includes:
The ATO often checks deductions that don’t have receipts, even for amounts under $300.
We work with fixed ATO deadlines for tax returns, BAS, PAYG, and other lodgements. Delays in providing documents can result in:
When we ask for information, it’s usually because the ATO requires it, not just because we’re being thorough.
Not sure whether something is deductible? Don’t guess, ask. We’re here to clarify. It’s better to confirm before claiming rather than explaining during an ATO audit.
If you provide incorrect information or fail to cooperate with your agent, the ATO may take serious action:
Your tax agent is legally required to act within the law, even if you ask otherwise.
At Rod Accounting, we take our responsibilities seriously. As a CPA-accredited firm, we follow all TPB and ATO guidelines to protect your interests and stay compliant with the law.
Here’s what you can expect from us:
We will never knowingly make a false statement on your behalf, even if it benefits you. It’s our duty to act in your best interest, within the law.
We apply tax law carefully and tailor advice to your circumstances. Whether you’re an employee, sole trader, landlord, or investor, our guidance is based on up-to-date knowledge and over 18 years of experience.
We take reasonable care to verify your income, deductions, and financial position. That includes:
This protects you, not just from mistakes, but from future ATO scrutiny.
We will always:
We handle your personal data with strict confidentiality. Our systems and communication are secure, and we never share your details with third parties unless legally required.
Not all tax agents operate to the same standards. If a tax agent:
Then they can face serious consequences, including:
The TPB regularly investigates agents, and your return could be re-examined if it was lodged by an agent who was later penalised.
At Rod Accounting, we are fully registered with the TPB and hold a CPA Public Practice Certificate, giving you peace of mind.
These examples show the real risks of misinformation, both for clients and agents.
| Your Responsibilities | Rod Accounting’s Responsibilities |
| Be truthful & accurate | Apply tax law correctly to your situation |
| Keep good records | Act honestly & lawfully in your best interest |
| Respond on time | Advise you on rights, obligations & refunds |
| Ask if you’re unsure | Provide competent, professional service |
| Don’t pressure us to bend the law | Maintain confidentiality & secure data |
At Rod Accounting & Financial Services, we believe in partnership. That means:
Whether you’re lodging a tax return, running a business, or managing rental properties, we’re here to support you with clear advice, responsive service, and honest guidance.
Have questions about your tax return or ATO letters?
Contact Rod Accounting today for your free 15-minute consultation. Let’s take care of your tax, the right way.
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