Whether you are a small business or a large company, managing finances can be complicated and sometimes a nightmare. We understand that juggling business operations while handling tax complexities can make it difficult to streamline your business growth. At this point, you must hire the best tax accountant to navigate tax compliance with ease, because outsourcing tax services can help you reduce tax errors and prevent costly fines and penalties. 

Looking to hire a tax consultant in Sydney who actually understands your business? Continue reading this blog.

Key Qualities to Look for in a Tax Accountant

Before choosing a tax accountant for your business, it is important to evaluate their experience, qualifications, license, and reviews. 

Qualifications & certifications 

Hiring a tax accountant who has relevant qualifications and certifications is important. The first thing you should look for in your accountant is to check if they are registered with the Tax Practitioners Board (TPB) and eligible to charge for tax services. Apart from the licence, look for those who have professional memberships, such as a CPA (Certified Public Accountant), CA (Chartered Accountant), or IPS (Individual Placement and Support). Membership demonstrates a commitment to ongoing professional development and adherence to ethical standards, establishing trust and credibility.

Relevant industry experience 

Taxation is not one-size-fits-all; it involves complex laws, challenging decisions, and compliance requirements. For that, it is important to choose a tax accountant who is qualified and also has experience relevant to your industry. Accountants with specific industry experience will save you time and provide strategies that help you save money and reduce stress. Moreover, they will provide you with a tailored solution that aligns with your business growth.

Transparent and clear communication 

Must discuss with your accountant to evaluate their communication style. If the tax accountant uses complex jargon and makes you feel more confused than before, it’s a red flag. When hiring, tax accountants look for someone who has clear communication skills and simplifies complex tax terminology and laws to make them easy to understand. This will help you make smarter decisions for your business.

Proven Track Record 

To get real and reliable results, consider tracking your tax accountant’s previous record. Do not hesitate to directly ask your accountant for a reference or previous client feedback. Check case studies, client testimonials, or Google reviews about the accountant to understand if he is good to hire. Analysing Sydney tax professional reviews will help you understand whether the accountant was helpful to other businesses, successfully navigated ATO audits, and was compliant with tax regulations.

Reliable Accounting Partner in Sydney

Are you looking to hire a tax consultant in Sydney? Your search ends here. Outback Accounting is a trusted choice for reliable accounting solutions in your area. Our team of experienced bookkeepers and certified tax accountants is dedicated to providing personalised services that cater to your business’s unique needs. We don’t just enter data into software; we provide real support that scales your business’s financial growth and success. With Outback Accounting, you can expect proactive tax planning, strategic financial advice, and expert guidance on ATO compliance, all tailored to your industry and business size. 

What are you waiting for? Contact us to book your consultation with our experts and start your journey towards seamless accounting solutions.

Frequently Asked Questions

Is it worth getting an accountant to do your taxes in Australia?

Yes, hiring the best tax accountant in Sydney can help streamline your business finance tracking and management. A registered tax accountant understands the intricacies of handling tax planning, compliance lodgement (BAS, GST, PAYG, and income tax), record maintenance and audits, and provides you with strategic business advice and financial forecasting.

How to find a good accountant in Sydney? 

Finding reliable tax accountants in Sydney can be difficult; however, focusing on some points can streamline your hiring process. Firstly, ensure that the accountant is registered with the Tax Practitioner Board (TPB), has relevant experience, and can assist with BAS lodgement, payroll and GST, cash flow planning, and developing a business strategy. Moreover, evaluate their communication style to determine if they can simplify complex tax laws and ensure they are clear about their charges.

What’s the difference between an accountant and a tax agent in Australia?

The key difference between a tax accountant and a tax agent lies in their expertise and the services they provide. Both accountants and agents help manage finances, but tax agents specialise in tax compliance with ATO lodgement. They are authorised to prepare and lodge tax returns on behalf of their clients. On the other hand, tax accountants, like those at Outback Accounting, assist you in strategic financial planning, help you pay less tax, and provide expert guidance on ATO compliance. Understanding this difference can help you choose the right professional for your specific tax needs. 

How can Outback Accounting help with taxation?

We offer comprehensive tax services that go beyond annual returns. Our expert and licensed tax accountants help in strategic tax planning, ATO complaints, real-time BAS and GST tracking, and bookkeeping support. We have experience supporting businesses across various Industries, including E-Commerce, real estate, hospitality, trades, sports and education, fashion retail, and wholesale.