You can cut your hair, but you’ll get a better result if you see a professional.

It’s the same with completing your tax return. If you see a qualified registered tax agent, you can be confident you’re meeting your tax obligations and getting the maximum refund you’re entitled to.

Most tax agents don’t charge very much for a simple tax return. Most small business owners will see a tax agent throughout the year to help them manage their tax affairs. The cost of going to a tax agent is also tax-deductible.

It’s well worth the investment because tax can be complicated.

We find that the most common answer to questions on tax is “It depends”, which reflects the detailed rules of the Australian tax system. Tax agents navigate this maze on your behalf, taking the worry out of tax time.

Using a tax agent provides peace of mind, access to professional tax advice, and extended time to lodge your return, making it easier to complete your taxes. They can also advise you on the tax consequences of your future activities and help you establish good record-keeping practices to maximise your claims. 

Check that your tax agent is registered with the Tax Practitioners Board.

It’s also recommended that they be a member of a professional accounting organisation, such as IPA, CPA Australia, or Chartered Accountants. This way, you’ll know they’re abiding by professional and ethical standards.

Like most relationships, it’s essential to develop an ongoing and trusted relationship with your tax agent. This helps ensure they understand you, your business, and finances so that you can manage your tax affairs effectively.

Tax agents are required to stay up-to-date with the latest developments in tax and changes in the law. They are also bound by regulatory requirements to ensure the service you receive is of high quality and within the law.

Every tax agent is legally obliged to take reasonable care. This involves reviewing your tax history, verifying that you have relevant documentation such as receipts, and inquiring about your income, expenses, and assets.