Hiring A Tax Accountant in Australia
Tax returns in Australia are normally due every 31st of October, for the year ending in June of the same calendar year. Extensions to filing due date may be possible if the tax return is submitted through a tax agent. It is possible to submit the tax return documents by post or filed electronically via the Australian Taxation Office e-Tax software.
Australia’s taxation system is considered quite complex which is why about 80% of Australians seek the assistance of a tax agent to prepare their tax returns. Australian business entities may be required to pay their taxes to the local, federal and state governments. These taxes will be used to fund the government’s public services such as the building of roads and public hospitals.
As a taxpayer, it can be beneficial to be able to hire a competent tax accountant in Sydney. Remember some of these tips to ensure that a tax expert can help get your tax return in order.
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A tax accountant who is very experienced in taxation laws will be able to help you straighten out some problematic areas in your tax return.
The Essentials of Taxes – 101
Family and friends’ referrals are good starting points when looking a tax accountant for your tax returns in Melbourne. It is best if the individual making the referral bear the same tax concerns you have.
Do not believe it when tax agents and accountant say that they can have everything deducted and that they can work out big tax refunds for you.
Feel free to change your tax accountant if you are not getting the service that you need.
You may approach any retail accounting firm for help in preparation and filing if you believe you have an uncomplicated tax return.
Retail accounting firms may quote their services depending on the number of tax forms to be done, as well as the rank or seniority of the tax accountant assigned to you.
You may opt to go to an independent Sydney accountant or a Sydney tax management firm for your accounting needs.
Any of these tax agents or accountants will have the expertise and knowledge in handling taxes.
It is best to verify that your tax agent is indeed an licensed or a certified public accountant. Remember that there are different specializations in accounting. Keep in mind that some accountants will have expertise in business consulting while some may be experts in handling audits.
It is important that you get an accountant who specializes in taxation so it is best to hire a tax accountant.
In the end, you will need a competent tax accountant who can personally assist you in tax preparation, filing and most importantly, serve as a consultant when tax issues arise.