It’s always a good time to hire a tax accountant

 In Accounting & Business Advisory, News, Uncategorized

The beginning of a new financial year is a great time to look back on the previous year’s mistakes and to start making important changes that will impact your future finances.

One of the best decisions you can make at the start of year is to hire a tax accountant. Around 70% of Australians use a tax agent to lodge their return, and if you don’t you could be missing out on quite a lot of savings.

Doing your own taxes can be a time consuming and stressful task, especially if you’re a layman when it comes to finance. Letting a professional handle your taxes gives you peace of mind, knowing that a tax expert is making all possible deductions while still complying with ATO regulations. According to the ATO the average Australian spent $378 managing their tax affairs and received $2,693 in tax deductions. Spending a small amount on a professional tax agent will almost always lead to greater savings in the future.

There are major benefits to hiring an accountant at the beginning of the year rather than waiting until tax time rolls around to get help. A tax accountant will help you keep track of everything you can and can’t claim as a tax deduction throughout the year, making sure you’ve got all the documentation the ATO needs. Hiring someone at the start of the year also gives them time to get to know the business and could help them find deductions you never know you were entitled to.

Speak to someone in our Accounting & Tax Team today to learn how they can help save you money.

 

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