I’ve just read an article stating that over 60% of tax returns that have been self-lodged by Australian tax payers using MyTax have had errors in them and the majority of those errors have been in favour of the ATO! That’s money that could have been in their pockets but has stayed with the ATO.
I’m all for saving money, however there are times when it can be like cutting off your nose to spite your face as the old saying goes.
Trying to save money has ended up costing those people. This will only increase in the future especially with the ATO moving towards having automatic tax returns lodged for Wage and Salary earners.
With the rise of the “share economy” – ie AirBNB, Uber, Airtasker etc, even more and more Australian’s I believe will be penalised by these auto returns.
Why you should use a Tax Accountant
As an Accounting firm we fully believe in the benefits of having a Tax accountant prepare income tax returns. Our staff are qualified Accountant’s who understand how the Australian tax laws and tax systems operate. We’ve been able to save client’s $1000’s.
Yes we charge a fee – think of it as a saving of your time – we also provide a service that goes beyond just collecting your information and lodging your tax return. We can help you understand your finances, put a plan into place if you are paying tax and work with you to achieve your goals and dreams.
Using The A Firm Financial Solutions Group can help build your future.
