When should I hire an Accountant for my Taxes?

A Guide to Hiring a Tax Accountant

As the end of financial year quickly approaches, companies and individuals are beginning to think about lodging their 2020 tax return. If you’re pressed for time, new to filing taxes or have multiple income streams – you may want to consider engaging accounting services. Tax accountants can help prepare and lodge tax returns and can be useful in a range of situations.

What is the role of a tax accountant?

Tax accountants are primarily responsible for analysing fiscal matters. This includes, preparing, submitting and managing tax payments and returns. Flexing their in-depth knowledge on tax laws, regulations and acts, tax accountants ensure that business owners and individuals comply with all tax processes. The role of an accountant includes the following tax services: Preparing tax, financial and BAS statements when required. Liaising with the ATO on behalf of the client. Preparing relevant documents for tax audits.

When to hire a tax accountant

There are a range of reasons why you may choose to hire a tax accountant, including: Doing your taxes for the first time. If you are filing your first tax return as an independent, it may be a good idea to source an accountant for help if you are feeling nervous or confused. Multiple ABNs or income sources. If your income is complex, it may be a good idea to get assistance from a tax accountant. If you own multiple small businesses and investment properties, it may be a good idea to have a tax agent handle your return. Unsure what you can claim. Understanding what you can claim, and what you can’t can sometimes get confusing, especially when you are dealing with multiple income streams. The ATO has outlined income and deductions, however if you are still unsure, it’s best to speak to a tax accountant.

Finding an experienced tax agent

Finding an experienced tax accountant in Melbourne can be challenging. It’s important to consider a range of factors including their industry experience, success stories and efficient processes. Providing businesses in a range of industries with tax-based services since 2002, Mizael Partners are Melbourne’s leading income tax return accountants. For more information on our services and how our accredited accountants can help you prepare for the EOFY, get in touch with our friendly team today. Call 0466 228 000 and we will be happy to assist you further.

Industry Experience

Are you a business located in Ringwood, Bayswater, or Croydon? Looking for business accounting and tax accounting solutions? We would love to help you grow.

some of our happy clients

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Please note, we cater to business, corporate and organisational based clients, and unfortunately cannot assist with individual tax returns at this time.

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About Mizael Partners

Mizael Partners is proudly run by founding director, Ryan Mizael. Ryan and his team have been providing innovative accounting, auditing, financial advisory, tax and cloud-based technology solutions since 2002.

Why Us?

  • We have a team of experienced chartered accounting professionals.
  • We specialise in accounting services for top companies.
  • We provide a wide range of services tailored to meet your needs.

Call Ryan Mizael at +61 (0)466 228 000 today for a personalised business accounting experience.