 With recent updates to the Tax Agent Services Act (TASA), accountants and bookkeepers in Australia now have more requirements around client communication, with certain updates now being mandatory. The good news? With the right approach, you can use your engagement letters to easily and effectively comply with this section of the updated rules.
Our good friends at Ignition recently released a blog article and webinar on this topic. With so many accountants reaching out to us and still scrambling on this topics, we thought it a good idea to reshare it!  At Clarity Street, we believe that a firm’s tech stack should not just be a collection of tools — it should be a strategically aligned ecosystem. One that empowers teams to work smarter, not harder, by reducing friction, improving visibility, and delivering a better client experience at every touchpoint.
The wheel you see above represents the 10 foundational pillars of a modern accounting practice. Each area is essential — not just for operational efficiency, but for building a business that’s sustainable, scalable, and competitive in a rapidly changing landscape. Importantly, we’ve purposefully chosen not to name specific tools in this blog.  Most accounting firms aren’t tracking software costs properly in Xero Practice Manager.
Some try, but it means exporting invoices, cleaning spreadsheets, figuring out the right job, and hoping the import doesn’t fail. Others don’t even start, because it’s too time-consuming. That’s how disbursements get missed. That’s how jobs look more profitable than they really are. One firm found they had missed over $40,000 in software charges by relying on guesswork and memory! Practice Connect from Rechargly solves this. It sends software costs straight into the correct XPM job automatically. No admin. No uploading. No gaps. |
AuthorClarity Street was conceived from years of engaging with Accounting firms on a daily basis and a constant desire to make Accounting firms & SME’s more efficient and profitable. Archives
July 2025
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