1) What advantages do you have of going to an accountant than doing your own tax return?
Completing your own tax return can appear simple at first. However, there are many benefits to using an accountant.
What you don’t know about tax laws may cost you dearly. The last thing you need is to get audited and fined from the Australian Taxation Office.
10 Benefits of using an accountant:
1. It takes the worry and stress out of doing your tax return on your own.
2. It makes sense to use a qualified tax specialist/accountant who can give you tailored advice.
3. If you are unsure of what deductions you can make, an accountant can clarify this.
4. Your tax refund could increase with the help of the right accountant.
5. If you have complex tax issues, an accountant can use his/her expertise to help you.
6. If you intend to negatively gear property, it is best to seek an accountant’s advice.
7. If you have questions on investment income/income received from shares, an accountant can answer your queries.
8. If you are self-employed, an accountant can point out deductions that you didn’t know about.
9. You can save a lot of time and money by getting expert advice.
10. You can de-risk your situation by having a qualified professional take care of your tax return.
