What is a Tax Accountant?
A tax accountant analyses fiscal matters and prepares and submits annual income tax returns on behalf of their clients. A tax accountant submits and manages their clients’ statements and returns. The accountant also provides advice on both tax and financial matters.
What Does a Tax Accountant Do?
Prepare Tax Returns
A tax accountant prepares tax returns for their clients. You will meet with your tax accountant to discuss your financial needs. Then, the accountant gathers the needed financial documents. The accountant uses your financial documents to prepare your tax returns. Your accountant can help you know if you qualify for tax deductions.
Tax Planning
Businesses are always looking for ways to save money. You can hire a tax accountant to create a strategy for minimising your income tax. In fact, many large companies hire tax accountants to create long-term plans for saving money in taxes. If your tax accountant specialises in tax planning, they can minimise your income tax.
Conduct Audits
Businesses usually conduct tax audits to ensure their books are in order. You can, therefore, hire a tax accountant to conduct these audits. The accountant can monitor and check your business’s books. Your accountant, then, certifies that your financials are in order.
Handle Questions from Tax Authorities
Tax authorities often investigate some individuals, businesses and companies. If you do not pay your taxes or delay paying your taxes, the tax authorities can ask you questions. You do not have to deal with the tax authorities on your own. You can hire a tax accountant to communicate with the tax authorities on your behalf.
Minimise Your Income Tax
Most businesses and individuals prefer to shelve their assets in overseas companies to reduce their income tax. If you want to minimise your income tax, it is better to consult a tax accountant to avoid making mistakes. A tax accountant can help you minimise your income tax without breaking the law.
Conduct Dispute Resolution
If you want to handle a tax dispute, like tax evasion, do not do it on your own. It is difficult to handle most of these disputes. Your tax accountant can help you prove that you did not violate the relevant tax laws. Hiring a tax accountant can, therefore, give you peace of mind and save you money.
Why Choose Perth Tax People?
Contact Perth Tax People to help you prepare your tax returns and achieve your financial goals. We are a mobile accounting service and can, therefore, come to you to save you time, money and inconvenience. We will offer you the right advice and assistance to help you grow your business.
