Talking Cents

Our small business accountant in Sydney explains why you need an accountant to do your taxes

Tax time is essential for any business and a lot of small business owners tend to think that they can do it on their own. Our small business accountants in Sydney have some reasons as to why you should be hiring a professional to do your taxes.

Did you know that 50% owners who collaborate with accountants and form relationships find it as a pleasant experience, which helps their business. On the other hand, approximately 65% of business owners whose business does fail blame it on the mismanagement of finances. As you can see having a small business accountant can be crucial to your success and here are some reasons as to why you need one for tax time:

• The tax code compliance is a lot more complicated than you think and it is crucial for you to not get it wrong or you’ll end up with fines
• Your earnings might not be as they seem, so getting a professional to cross check and make sure that you’re figures are right is essential
• Everyone likes tax deductions, so it is crucial for you to let your business accountant take care of the nitty gritty paperwork and for you to enjoy your return
• Keen in mind that your taxes are not the right place for you to be taking risks to try and save money

They are some of the reasons that our small business accounting team stands by when it comes to tax time. We don’t like to see small businesses submitting the wrong figures, so it is crucial for you to be able to get tax time done correctly.

As always, feel free to get in contact with our small business accountants in Sydney if you have any questions.