m+a Accounting & Consultancy

How to Find a Good Tax Accountant for Your Tax Return

Find a Good Tax Accountant

It is critical that your tax return is accurate. Even if it is completed by someone else, you are still the one who is legally liable for any errors. It is therefore essential that you choose the right accountant for the job. 

Let’s get straight helping you find a good tax accountant who is the right fit for your company.

How Do I Choose an Accountant for a Tax Return?

When it comes to choosing a tax accountant, there are a few things you need to take into account. First, you need to make sure that the accountant is registered with the ATO. This will ensure that they are up-to-date with the latest tax laws and regulations.

Next, know the fees they charge. While most accountants will charge by the hour, some may charge a flat rate for their services. Make sure to compare prices before making your final decision.

Finally, you need to ask around for recommendations. Talk to friends, family and colleagues who have used tax accountants in the past and see who they would recommend. With a little bit of research, you should be able to find a good tax accountant who is the right fit for your company.

How to Find a Good Tax Accountant

When looking for a tax accountant, qualifications should always be on top of your mind. Why? Obviously, you won’t be getting someone who lacks the knowledge and experience, especially when we are talking about money, finances and taxes. Secondly, a legitimate person who should handle complex matters, such as money and computations, should be registered with the Tax Practitioners Board and has a current practicing certificate.

What Qualifications Should a Good Tax Accountant Have?

A good tax accountant should have a bachelor’s degree in accounting or a related field, as well as experience working with taxes. They should also be licensed by the state in which they practice. Furthermore, a good tax accountant should be able to answer any questions you have about your taxes and help you to understand the tax laws.

Here are some tips to get the right tax accountant in Sydney:

Get Recommendations

There’s no better way to find a good tax accountant than by getting recommendations from people you trust. Talk to your friends, family and colleagues and see if they have any recommendations for someone who could handle your taxes. If you don’t know anyone who has used a tax accountant in Sydney before, you can also ask your financial advisor or lawyer for their thoughts.

Look For Someone with Experience

It is important that your prospect of a tax accountant has plenty of experience. Experience says a lot when it comes to skills and expertise. With many tasks that had been handled in the past with an experienced tax accountant, there is little chance such a person or agency could mess up. 

Check Their Qualifications

Get certified tax accountants from recognised institutions. This way, you’ll be at peace that the person is properly qualified. It is easy to verify one’s background by just looking at their website, if they have one. Beware that fly-by-night agencies can mislead you in your search. 

Get a Free Consultation

Most reputable tax accountants will offer you a free initial consultation. This is a great opportunity to get to know them and to find out more about their services. It’s also a good time to ask any questions you might have about your tax return.

Once you have found a few potential accountants, you should schedule a consultation with each one. This will allow you to ask more specific questions and get a feel for their personality and how they would work with you.

Get Quotes From Several Tax Accountants

Once you have a list of potential tax accountants Sydney, it’s important to request quotes from each of them. This will help you compare their prices and services so that you can choose the best option for your needs.

Quotes usually contain discounts or special offers. Be on the lookout for that and see if your prospective tax accountant is a potential hire.

Make Sure They’re Up To Date With the Latest Changes

The tax system is always changing, so it’s important to make sure that your tax accountant is up to date with the latest changes. This way, you can be sure that they’re able to help you maximise your deductions and get the most out of your tax return.

Consider the Location

Try looking for ‘tax accountant near me.’ Probably, the results will yield all the available tax accounting firms in your location. The proximity of your search will be of better use than getting results from  those outside your state.

Once you have found a good tax accountant in Sydney, it is important to keep in touch with them regularly. This way, you can stay up-to-date with changes in the tax laws and ensure that your tax affairs are in order.

How Much Does It Cost To Get Your Tax Return Done?

Most tax accountants will charge by the hour, but some may offer fixed fees or packages. You should get an estimate of fees before engaging an accountant so that there are no surprises later on.

The cost of getting your tax return done will vary depending on the accountant you choose and the complexity of your return. However, you can expect to pay anywhere from $200 to $1,000 for a professional to complete your tax return.

How Malkoun & Associates Can Help You

At Malkoun & Associates, we provide a wide range of tax and accounting services that can help with your tax return. We have been working tirelessly in the industry for more than 10 years and our value of putting the client first has made us an exceptional team.

Whether you need help with tax consulting, auditing or even business restructuring, our team can work together with you.

Contact us today if you need a good tax accountant, and we’ll help you achieve all your financial goals and dreams.