When it comes to tax season, many Australians come to rely on professional accountants to get their tax returns done.
A qualified tax accountant can help you prepare your tax return seamlessly and spot tax deductions that you may not have thought of.
The question is: out of all the accountants in the world, which is the best suited to your requirements?
Here are a few steps to help you choose the right accountant for yourself.
1. Ask the right questions
Before hiring an accountant, you should familiarise yourself with the tax process just to know what you’re looking for and to gauge their suitability.
Some questions you can ask your future accountant include:
- Which areas of tax are they most experienced with?
- Will they authorise your tax return?
- How many years of experience have they had in the tax sector?
- How much will they charge you?
- Can they lodge your tax return electronically?
2. Get to know your tax agent
Your tax agent will be your primary support during stressful periods when you are trying to lodge your tax returns on time, so you should determine whether or not they are reliable and able to provide you with the tax solutions you need.
Make sure that they are someone you can communicate with easily and can be contacted when you need them, within reason.
3. Choose an expert in your required area
Enquire about their areas of expertise and decide whether it suits your needs.
If you are a small business owner, you should be looking for an accountant that has plenty of experience with doing taxes in this field. This way, you can be certain that they will be familiar with the deductions you are entitled to as well as any relevant deadlines.
4. Verify their qualifications
Your future accountant should possess the appropriate qualifications and licenses to handle your needs.
It is important to check the following:
- that they are registered with the Australian Tax Practitioners Board.
- that the details on their business card and website match their registration information on the Australian Tax Practitioners Board website.
- Ideally, you would choose someone who is reputable and well-known in the industry. You can determine this by asking your trusted contacts within your circle or checking client reviews if such information is available.
5. Hire someone who will go the extra mile for you
On top of helping you lodge your tax return, your accountant should be able to provide assistance in other areas of your professional life such as financial planning and strategising ways to improve your current livelihood through financial means.
At Aero, we are confident that we will be able to do this for you. Our accountants are qualified and experienced in tax matters as well as supporting business owners through working out financial growth plans.
For any inquiries, contact us now at 02 7208 5065 or firstname.lastname@example.org