Talking Cents

Why you should hire a small business accountant to help with your taxes

As tax season comes closer and closer, it is pertinent that everybody properly lodges their tax returns and save a lot of money doing so. In today’s day and age, many individuals do not know how to appropriately handle their tax- and as such, hiring an accountant is the perfect solution for this. Here at M.A.S Partners, we have compiled a list of reasons as to why you should hire an accountant to help specifically with your taxes.

We know what tax deductions you are eligible for
When filing for tax deduction, you have to be aware of all the deductions you are able to claim in order to maximise the amount of money you receive back. However, as mentioned previously, most individuals are not experienced enough with handling taxes in order to optimise their return. We have been handling taxes for over 60 years for small businesses as their accountant , and as such, have accumulated knowledge in regards the Australian taxation office unlike any other. We will ensure that you get the most out of your tax reductions, because everyone hates overpaying their taxes. It is not uncommon for small businesses to lose thousands of dollars by overpaying in taxes, and as such, we will help save you money in the long run through these deductions.

We know what is legal
It is a must that you accurately report your financials and file it properly. As previously mentioned, this skill comes with years of experience as well as professional knowledge. Misfiling your taxes can lead to delays, and fines from the ATO- which is the last thing you want, whether you’re a small business or an individual. By hiring a business accountant, this risk is negligible and an accountant will know how to properly manage your taxes.

Saves time
Filing your taxes can often be time consuming. By hiring an account, you are freeing up your time to focus on other things. Saving time is saving money, and you should only spend it on task that require your supervision. By spending hours and hours handling your finances and filing your taxes, you are wasting an excruciatingly long amount of time, which can be handled quickly by an accountant. In a fast-paced environment that we currently live in, we should save time where we can.

Hire us for your small business accounting needs
So far, we have explained how much money an accountant can help individuals save. Now picture how much we can help small businesses save. On top of managing your taxes and finances, we also provide expert business advice which can help your further develop. M.A.S Partners is a small business accountant based in Sydney Zetland and aim to satisfy your accounting needs. We understand the responsibilities of a business accountant and will ensure that your company will thrive with us. To contact us, click here.