Frequently Asked Questions
1. Why do I need to use an accountant/tax agent ?
Taxation and business laws are complex and constantly changing. Professional accountants and tax agents constantly keep up to date with these changes which may be too complex for the ordinary person to understand and interpret correctly so as not to dall foul of the law.
A professional accountant can:
1. provide independent advice
2. adopt a detached approach and assessment of issues
3. advise accordingly for clients to make an informed decision
4. save client's time and money
5. ensure tax payers receive their rightful entitlement in refunds
6. lodge tax returns electronically which, in most cases, sees refunds received within 2 weeks
2. What information do I need to provide ?
To ensure accuracy, please provide the following documents when coming in for an appointment:
- financial documents
- bank statements
- receipts
- invoices
In the case of a personal income tax return, please have the following documents ready:
- Pay As You Go (PAYG) Payment Summary for Individuals (non business)
- receipts
- evidence of any other work related expenses
- evidence of any educational expenses
- and ... in general, evidence of any expenses incurred which help you earn your income.
