The American statesman Benjamin Franklin once said “…in this world, nothing can be said to be certain, except death and taxes.” Unfortunately, he was right, and until the former happens we are stuck with the latter! Most people loathe doing their taxes, and it’s certainly understandable why- even the most organised set of receipts can be thrown into disarray when new, unexpected tax laws take effect, making an already complicated system even more so! Doing your own taxes is at best unpleasant, and at worst they can cause you serious financial and legal headaches!
Fortunately, there is a solution to this problem! Instead of going through the torture of taxes on your own, why not hand them over to your local tax agents in South West Sydney? The money you spend on seeking the help of a professional service is negligible compared to what you can save, and well worth the investment!
Let’s now take a closer look at the benefits of engaging the services of a professional tax agent:
On Time Filing – We lead busy lives, and all too often individuals and small business owners either forget to file on time or are so swamped with their day-to-day affairs that they start the process too late and can’t finish within the deadline. Late filing can put you in danger of being saddled with potentially heavy fines and interest that could end up costing you much more than the amount of taxes you owe!
Professional tax agents strive to make sure your taxes are filed quickly and efficiently, they take great pride in always being on time, so you can rest easy!
Removes Any Guesswork – The tax system is complicated, and figuring out how much you owe can be a very time-consuming and confusing process. There are a host of exemptions, many of which the common person isn’t even aware of! Did you know that people who run a business from their home can make a claim for home office expenses? There are often more questions than readily apparent answers, such as “What are this year’s new tax deduction rules?”, “Am I eligible to make deductions for entertainment expenses?”, “How can I depreciate equipment and business assets?”, “Can I deduct for donations to charities I have made?”
Navigating this paper maze can be frustrating and fraught with the danger of making mistakes. A professional tax agent can make it easy for you by taking it all out of your hands and seeing to it that your taxes are compiled with your best interests in mind, and there will be no question as to whether they are correct or not!
Fraud Detection – Unfortunately, not all the people you may do business with are honest. If a client is deceiving you it may be hard to see it, but a tax agent’s keen eyes will catch any discrepancies immediately, saving you from being the victim of fraud!
Hiring a tax agent frees you from the stress of filing your taxes. The Australian Taxation Office has further information on hiring tax agents. We would like to wish you good luck with your taxes, and many happy returns!
