Top 4 Benefits of Using an Accountant or Tax Agent

Did you know that almost 75 percent of people who lodge a tax return decide to seek professional help and hire an accountant or tax agent? Why? – well the benefits of using an accountant are never ending and it’s always ideal to seek professional advice.

So, for those of you in Brisbane and the surrounding areas who want to make the most of this year’s tax return, look no further than Syndeo Accountants – one of the most experienced accounting companies offering professional financial assistance services.

Here’s why you should leave tax lodgement to the experts:

Top 4 Benefits of Using an Accountant or Tax Agent

  1. Tax Agents Save You Time

It may seem like an easy task to do, but, the truth is that if you aren’t familiar with occupation-specific deductions you will probably spend lots of time searching for information in order to understand what deductions you are entitled to claim.

By making an appointment with an accountant or tax agent you are probably going to spend an hour only to have the process done accurately and ensure you get the best possible refund. Just make sure you bring all the documentation needed.

  1. Make the Process Hassle-Free

If you decide to do it yourself, the responsibility of making even the smallest mistake will fall on your shoulders. In this case, you will have to face an ATO (Australian Taxation Office) audit and have to pay fines, penalties, or interest.

On the contrary, by using an accountant or tax agent you will rest assured that you are compliant with tax laws and get peace of mind. No one knows taxation better than those experts so let them do their job and make the entire tax lodgement process hassle-free.

  1. Get a Deadline Extension

The ATO has set a pretty strict deadline for lodging your tax return. In other words, you can lodge any time from 1 July to 31 October, not a day sooner or later.

However, this deadline applies to self-lodgers only. If you lodge your tax return through an accounting company this deadline does not apply to you. Why? – In general, accountants and tax agents are granted extensions beyond 31 October (probably until 15 May the following year).

  1. Make the Process Less Complex

Finally, even though tax lodgement may seem easy and simple, every accountant and tax agent knows that every tax return is unique. Their expertise is crucial for understanding your finances and giving the right advice to save you money, stress, and time.

Avoid any misunderstandings and mistakes by letting them do what they do best. One simple chat with your accountant will help you work out the intricacies if you have a complicated financial situation.

Therefore, don’t hesitate – contact Syndeo Accountants to ensure you get the most of your tax return!