Tax Accountant Melbourne
Most people hate dealing with the government and avoid it at all costs. Because everyone has to pay taxes there is no way to avoid dealing with the government unless you enlist the services of a tax accountant in Melbourne. A tax accountant in Melbourne will take the pressure off and you can relax knowing that your tax affairs are being handled by an expert.
Whether you’re a business owner or an individual, tax affairs go over the head of most people who either don’t understand the legislation or don’t have the time or desire to spend time on their taxes. A lot of people don’t realise that when tax returns are being submitted they must comply with the legislation. This is where things get tricky because they don’t know what they can and can’t claim. Not knowing what expenses are claimable can lead to tax errors and that can trigger an audit. A tax audit is an investigation that is conducted by the Australian Tax Office (ATO). The purpose of a tax audit is to verify that your tax lodgements are correct and that you have been truthful.
People have things to do and that could lead to them rushing their taxes and being sloppy with the numbers they enter in their online tax lodgement. Hiring a tax accountant in Melbourne will give you confidence that your taxes are being done by a professional who will be diligent in their preparation of your tax returns. A good tax accountant will request all your information. This includes bank statements plus any invoices and receipts that you have. They will then cross reference the information they have and before submitting the information to the ATO will send it to you for review.
At least that is our approach. We are looking out for your best interests and we want your tax affairs to be managed correctly. We take ride in the accuracy of our work, and the legislation under which the ATO operates mandates that any tax submissions must be accurate.
So what are the areas of tax that we specialise in? Well, like any tax accountant in Melbourne we can help you whether you own a small or medium business, a large business, earn money on the side through a rental property or are an individual with relatively simple tax affairs.
Every business should use the services of an advisor who can help them with their business’s finances. As a tax accountant in Melbourne we offer a business advisory service where we will review your business and help you develop strategies to maximise profit and reduce expenditure. We offer this as part of our financial planning service.
We can also help you if you do get a knock on the door from the ATO wishing to audit your tax affairs. If this has happened to you then it is extremely important that you contact us immediately and do not submit any information without first talking to us. This avoids complications further down the track. It is not just tax audits we can help you with. We can also audit your business so you have a comprehensive understanding of its strengths and weaknesses.
For more simple business requirements, we can lodge your business activity statements for you so you pay the correct amount of GST, or receive a refund if you are entitled to one.
Outside of the business world we are a tax accountant firm in Melbourne who can look at personal tax affairs. We will collate information so that you pay the correct amount of tax. We’ll request information with you and can communicate with you via telephone, email or post.
Whatever your tax requirements are, we are the best tax accountants in Melbourne to contact and we will take the stress and pain out of managing your tax affairs.