Hi everyone, I’ve tried to search the Community but can’t find an answer for this.
How do you make sure that you are not missing compliance deadlines for clients, and have good line of sight on them at least 30 days in advance?
For example, do you set a protocol that for personal tax repeating work items, the work due date is always set at 15 days before the personal tax deadline for all clients? And similarly for sales tax, corporate tax, payroll, etc.?
We haven’t really set such a protocol and found that different team members set different due dates for compliance-related work items (either a few days before the due date or after, if there are follow-up tasks to do such as confirming a Notice of Assessment is available from tax authorities after filing).
This makes it difficult to quickly see the ‘true deadline’ for each compliance work item, and across all work items to identify risks/issues early.
Would love your thoughts on this - how have you managed to document and monitor deadlines particularly around compliance work?