1. Reputation

Ask your friends and colleagues what accountant they use and contact them now (before the end of the financial year)for recommendations. Check out reviews on Facebook or Google Business listings. tax consultant near me

2. Look at the size of the firm

Larger Australia wide firms may offer low prices but there are some that train their tax consultants over a 16 week course rather than small to mid size firms that hire experienced and qualified accountants who study for years to become experts in their field. You may get a more personalised service, with a smaller team or individual more committed to your account, whether you are an individual or business.

3. Does location matter to you?

It used to be important to have an accountant located nearby. But today, with the internet and cloud-based technology this means that location is less of an issue. With cloud accounting, you and your accountant can view identical real-time data at the same time – no matter where you are.

On the other hand, you may prefer face-to-face contact. If this is the case, then you’ll need to limit your search to accountants who work nearby or are willing to travel to your premises from time to time.

Wherever they happen to be based, make sure they’re an expert in the tax laws that apply to your business.

4. Are they proactive about saving (and making) you money?

They may charge a little more, but a proactive accountant who will do more than manage your accounts and complete your tax return forms will pay for themself. So before choosing an accountant, ask what they could suggest to save your business money.

They should warn you of any future pitfalls (such as putting private expenses through the business) and ensure your business structure is protecting your assets and minimising tax. For personal returns, are they advising you of all the records you should be keeping and what you can claim to maximise your tax return?

5. Are they legitimate?

There is a big difference between tax evasion which is illegal and tax avoidance which is legal. The Australian tax law is one of the most complex in the world so you need an accountant who will save you money legally but not taking things to far and gain the attention of an ATO audit, as ultimately it is you who signs of on all the tax documents and you who will pay the penalty if the law is broken.