Every time you lodge your taxes you are taking a chance of drawing some very negative attention to yourself. Yes, if you are an everyday person with everyday taxes and you aren’t trying to lower your taxes by attempting every offset and deduction in the book than maybe you don’t need a tax accountant. But, if you have even the slightest suspicion you could be saving some money somewhere, but you just don’t know how, then the small investment of hiring a tax accountant may well be worth it.
On the Up and Up
You could be a perfectly innocent person putting through your taxes with the best of intentions and yet that little medical receipt you thought you’d slip in is actually a bit of a no-no. You won’t know until you get a letter telling you you’re being audited. A tax accountant will do everything by the book while saving you money and keeping you on the good side of the taxman.
Ins and Outs
To say you are an expert in taxes would probably be a bit of an exaggeration. Your tax accountant knows every in and out of lodging your taxes and will be certain to make their very best effort to have you pay less taxes.
Avoiding an Audit
Your tax accountant will keep accurate records of your tax lodgements and therefore should an audit take place, they can handle it for you. Truth is, if you are using a tax accountant you probably are not going to get audited in the first place.
Advice on Investments
Tax accountants are not financial advisors, however they do know where you can invest your money in tax-free investments in order to pay for your kids’ education and save for your retirement. That kind of advice can help put money in the bank where you want it.
Using a tax accountant Sydney residents can depend on will allow you to pursue the best possible tax strategy bringing you closer to a refund and further away from owing money in the end.