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The benefits of using a tax agent in Perth, and how to find a good one

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If the most current statistics are to be believed, then the takeaway is that a large majority of Western Australian residents are choosing to lodge their returns with a tax agent in Perth. There are plenty of clear reasons why people are taking this route, namely that they get the benefit of more accurate work, reduced stress, and the best possible refund amount.

People who are not tax agents in Perth will often find that this element of finance is difficult to wrap their head around. Rather than risk making a mistake that costs them money or causes them to inadvertently break the law, people choose to put their faith in hired experts that have a long history of experience in lodging returns on behalf of non-experts.

Many people are unaware of the number of refunds and deductions they are actually entitled to and end up paying more than they need to. The money that can be saved by getting the right deductions can be very impactful in someone’s life, and more than covers the cost of hiring a professional tax agent in Perth.

These professionals exist to help everyday people identify the best possible return and help them lodge it – all in a timely manner that is stress-free. As a bonus, the fee for using any tax agent around Perth is going to pay for itself because it is deductible.

The following will take a closer look at the distinct benefits people get when they work with a professional tax agent in Perth.

The benefits of using a tax agent in PerthTax agent in Perth smiling and shaking hands with a client

The shortest time for the best result

In the age of the internet, there are a lot of do-it-yourself return lodging services online that allow you to fill in some basic information and send it away. However, this is not as convenient as actually sitting down with a professional and getting everything done expertly on the spot.

Trying to do things yourself online might appear to be the quickest method to get the job done, but you need to think about whether or not that will be a ‘good’ job. Sitting down with a professional tax agent from Perth means that you will get everything done in around an hour and be assured that you are getting the maximum possible deduction.

It’s a good idea to make sure that you come fully prepared for the appointment with the accountant so that no time is wasted once you sit down together. Make sure you check that you have all the relevant documents like payslips and receipts you need to make occupation-related deductions etc.

The most stress-free process

Since most people find dealing with finance and lodging returns a hassle, they often find it to be stressful when it comes to that time of year. The fact that a tax agent in Perth can deliver a quick and stress-free result is a big attractive feature that people are drawn to.

People don’t want to have the responsibility of making sure that every detail is accurate and worry about if what they have lodged is incorrect. Even minor mistakes can incur the wrath of the ATO and cause them to audit your finances which will incur fees and penalties.

People like to use a tax agent in Perth because using this professional will give them peace of mind. They will ensure that your return is fully compliant and that there will be no nagging issue for you to worry about.

Once you leave your appointment, you can hold your head high and know that everything has been taken care of. This allows you to put the issue to rest for another year and move on with the rest of your life.

More breathing room

People don’t just use tax agents in Perth because they save time, but because they also give them more time as well. When you engage this kind of professional to handle the return, the October 31st deadline will no longer apply to you. Returns can be lodged as late as May in the following year when using a tax agent in Perth (usually).

Making following returns quicker and easier

One of the benefits of using a tax agent in Perth is that you will end up forming an ongoing relationship with them. If you keep using them year after year, they will develop a robust understanding of your financial situation and lodging returns will be almost instantaneous because they are so familiar with your account.

Finding a good tax agent in Perth

Perth tax agent holding his notes and explaining taxes to clientsOf course, you want to know that the person you are hiring to act as your tax agent in Perth is a reliable professional who has a good reputation. You can’t just go the first advertised accountant you see and expect to get the best result – they will vary in quality, and you want to do some research to ensure the person you are working with is the right one.

Make sure that you ask the people you know about the tax agents in Perth that they have worked with in the past and see what people think. Getting a reference from someone you know, and trust is one of the best ways to identify a reputable accountant for you to work with.

You want to be assured that the person you engage to help you lodge your return has that capability to actually get the job done as well as not charge you too much. It can be a good idea to check out their online reviews to see what others are saying, as well as examine the quality of their website.

It’s important that you make sure the tax agent in Perth you engage is going to do the right thing by you and follow all of the relevant codes in ensuring your return is compliant with the ATO. You can’t afford to take any chances with this, since you are ultimately going to be liable for the accuracy of your return.

Be cautious of any accountant who makes grand promises about getting you so many deductions it’s like you pay nothing. These are normally too good to be true and can cause complications for you down the line if and when the ATO comes to investigate.

Conclusion

Ultimately, there are clearly a lot of worthwhile benefits when it comes to engaging a tax agent in Perth. This area of financial law is notoriously complex and carries significant consequences when handled imperfectly, so it’s no surprise that many people choose to rely on professional tax agents in Perth to help them out when it comes to that time of year.

Anyone who is seeking to engage this kind of service needs to be diligent in finding someone reliable that they can form a long-term relationship with. By doing this, you can ensure that you don’t need to worry about this element of your finances ever again since you will have a trusted ally on your side who can handle all of it for you year after year.

Hopefully this article has given you more insight into the nuances of using a tax agent in Perth.

Henry Kentish
Henry Kentish is a national business reporter. Before coming to Quilter, Henry was the lead reporter on Business for SM in Melbourne. He reported on the national economy for Bloomberg News and BusinessWeek. He also spent a year in the US covering Australian business and politics issues.

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