Tax software and the ability to file taxes online have made many people forego the use of tax accountants in recent years, but there are times when such a professional is the best choice for helping you through tax time. Software and online sites can make it easy for you to file your taxes, but they cannot give you tax advice about your own situation. While you may think that you don't need tax advice when you file, note a few times or circumstances that may make it a better choice to talk to a professional. [Read More]
When should I lodge my tax return?
The financial year in Australia runs from 1st July until 30th June the following year. According to the Australian Tax Office, your tax return must be lodged by October 31st each year. However, this gives you a few months in which to complete your return and if you use a registered tax agent, you are allowed to lodge a tax return even later. So, from an economical point of view, when is your ideal lodgement date? [Read More]
Why Every Self-Employed Individual Should Hire a Tax Consultant
If you're a self-employed individual you may assume you can handle your own tax returns, especially if your business is simple and doesn't include much income or many deductions. While it can be tempting to try to handle your own tax returns every year, there are some very good reasons to use the services of a tax consultant. Note a few of the benefits they can offer you here. 1. Overlooked Deductions [Read More]
The Advantages of Hiring a Tax Accountant
Everyone over the age of 18 must file an income tax report each year. For many people, it is a simple job, and they can do it themselves in under an hour. But, for others, there may be things that make their returns more complicated, and they are unsure of how to properly proceed. This is when it is a good idea to hire a tax accountant. There are many advantages to having a tax accountant working for you, such as: [Read More]