This means that they will know how you can stay within the law whilst paying the least possible amount of tax. This could range from simple things, such as a deduction during a business trip that you might have missed, to complex things, such as purchasing business equipment under finance. Your accountant SA has to be up to date with taxation law and your financial circumstances so they can take advantage of any changes on your behalf.
Audits become less scary
If you have an accountant in Adelaide prepare your tax returns and you get audited by the Australian Taxation Office (ATO), you will have greater peace of mind knowing that your SA accountant has kept your returns and financial statements correct. You can be sure that your accounts are in order, up to date and are free of any issues that the ATO will be on the look out for.
A good accountant in Adelaide will not see you once a year
If you are a business client, a good Adelaide accountant will want to see you more often than your current annual visit. They will set up financial goals and targets that you can follow and monitor for the rest of the year. These will help you to maximise your income and profitability. A good accountant SA should also be able to help you with business plans, cash flow budgets, KPI monitoring and every aspect of your business.
You will never miss a deadline again
Your accountant Adelaide will be on top of ATO and ASIC (if you have a company) deadlines for your lodgements and payments and will be there to remind you when they come around. Never again will you miss a deadline because you didn’t know about it or you forgot it was coming up. Lodging your returns on time is also a great way to avoid unnecessary ATO and ASIC attention, fines and possibly an audit.
Accountants will help you plan for your financial future
Your visit to your Adelaide tax accountant isn’t just about minimising the tax you are paying now. They are there to help you set up your financial future. A good SA accountant will offer a range of services that may include self managed superannuation, loans, insurance and financial planning. Being a one stop shop is an advantage as all aspects of your financial position can be considered to ensure you get the best possible outcome.
It is quite hard to find a good accountant in Adelaide. However, the ones at Business Initiatives are by far very different than your usual accountants. You can get professional tax advices from their professional accountants. If you want you may contact them or send them an e-mail for further question and concerns about their company.
Author: Matthew White
20D William Street NORWOOD SA 5067
Ph: (08) 8431 7444