Every taxpayer is required by law to pay their taxes in full and in a timely manner. There are different types of taxes, and each one of them comes with a different deadline for paying. After paying taxes, taxpayers are further required to prepare and submit their tax returns without any delays. While there are people who can prepare and file their own personal tax returns, the vast majority of taxpayers often need help.
To find the best tax accountant Sydney has to offer, there are many key factors Sydney residents have to consider. Ideally, taxpayers should not rush to commit themselves as there are many things they have to consider before making a commitment. Below are some of the main factors to take into consideration during the search:
i) Accreditation
Only accredited tax accountants should be given any consideration. You are looking for a properly-qualified professional to help you do your taxes. Therefore, it’s recommended you check the licensing and accreditation status of a tax accountant before deciding to add them to your list. Once you have compiled a list of at least 10 accredited tax accountants, you can start narrowing down the search based on several important factors.
ii) Experience
Tax accountants, just like other professionals, often get better with time as they offer services to more and more taxpayers. Therefore, you need to compare the experiences of the shortlisted tax accountants and give special consideration to accountants who have been in the accounting industry for a long time and have prepared taxes for thousands of Sydney residents in the recent years. If you are a business owner, you should only consider tax accountants who have previously prepared taxes for similar-sized businesses.
iii) Reputation
It is recommended you go over the reviews written by the shortlisted tax accountants. You’re looking for trusted and reliable accountants with a proven track record in the industry. Therefore, it’s recommended you go over as many testimonials and reviews as you can find as this can help you make an informed decision. Accountants with the highest number of positive reviews and consistently high ratings should be accorded special consideration.
Before you can choose a service provider, you need to ask them about their charges. You want to hire the most affordable tax accountant Sydney has to offer because you have limited resources. Besides, you’d like to get the best possible value for money.
