m+a Accounting & Consultancy

Tax Accountants in Sydney: Why You Should Get Their Tax Services and Advice

In every business, tax is a critical consideration. Unless you are a tax expert, you won’t need the services of accountants to deal with taxation and advice. Getting your taxes done in time is stressful when you’ve got too much on your schedule.  

A good bookkeeping service will cover all accounting and taxes. The best service provider will be able to sort out your financial data and offer solutions. They should provide you with a good understanding of the economic situation of your business and help you establish good systems that can save money.

The Role of a Tax Accountant

A tax accountant is a professional who helps individuals and businesses prepare their tax returns. Search for ‘tax return accountant near me’ online and Google will yield many results. If you are in Sydney or anywhere in Australia, ‘tax accountant Sydney’ will bring you to reputable tax service providers.

But what is a tax accountant, and what role do they play in a business?

As mentioned, tax is an integral part of every business. Whilst taxation laws in Australia keep changing, it is challenging to keep up with the trend. Only the expertise of tax accountants can handle even the most demanding situation and monitor if there are dramatic changes in trends.

Tax accountants are familiar with the tax laws and regulations of the country in which they operate, and they use this knowledge to minimise their clients’ tax liability. 

Tax accountants typically work for accounting firms, but some also work independently. They are essential in ensuring businesses comply with tax laws and regulations and help companies maximise their tax deductions.

What Kind of Tax Exemptions Are There in Australia?

Australia has many types of taxes, such as income tax, goods-and-services tax, fringe benefits tax and land tax, but a range of exemptions are also available to help reduce your overall tax bill.

The ATO offers a free service called Tax Counseling for Individuals, in which the ATO provides tax advice to individual taxpayers. 

Tax Counseling for Individuals is available by phone, email or in person. The service consists of an interview with a tax officer followed by a written letter of advice. The service is only available to Australian resident taxpayers 18 years or older and is not open to businesses, charities, superannuation funds or tax agents.

Where Can I Get Tax Advice in Sydney

Sydney is home to many tax accountants who provide necessary tax services to residents and businesses.  Without tax accountants, tax compliance would be more difficult and expensive for companies, and the tax burden on individuals would be higher.

Malkoun & Associates is Sydney’s reliable service provider, dealing with company’s income tax returns, bookkeeping and all accounting services. If you need tax advice that will shed light on your tax duties, our professional tax agents can help you. They can also assist you in understanding the complex tax laws and how these laws apply to your tax liabilities.

The Benefits of Getting a Tax Accountant

Whether a small business or a big company, it should be able to handle tax-related issues well. This ensures that they file the proper return and avoid unnecessary penalties. 

One key factor that can determine your business’s success is how you manage your tax liability. This means you must hire good tax accountants for your reporting, accounting and tax planning needs.

Reputable tax accountants in Sydney from Malkoun & Associates are highly qualified and help any business alleviate stress from the confusing and complex computation.

Our tax specialists can help you stay organised and on top of your tax affairs.

  • They can help you save money on your taxes.
  • They can offer advice on how to reduce your tax bill.
  • They can represent you in dealings with ATO.
  • They can help you prepare for an audit if one is conducted.
  • They can provide year-round support and assistance.

How Malkoun & Associates Can Help You

Malkoun & Associates offers a wide range of services when it comes to taxation compliance and advisory services. We have been helping businesses and individuals with their financial management and advisory needs since we established our brand in 2008. We are committed to providing you and all our clients with the most effective and efficient solutions for your accounting and taxation needs.

We understand that every business requires someone with in-depth knowledge and practical skills to handle tax services and consulting. At Malkoun & Associates, we can help you with tax minimisation, risk mitigation and more. Some of our services that will benefit your business include:

  • Tax compliance
  • Financial statements preparation
  • ITRs
  • Tax consolidations
  • Employment taxes
  • Consulting and planning on income tax

Malkoun & Associates is a leading provider of accountancy and consultancy services in NSW. If you are looking for exceptional value for money and unique service lines, we are the ones to look for because we have been doing this for many years.

Let’s start working together and bring your business to success. Contact us now.