A tax return accountant is a qualified professional who helps you prepare and lodge your tax return with the Australian Taxation Office (ATO). They understand the rules, find eligible deductions, and make sure your tax return is accurate and complete.
Their main goal is to help you meet all tax obligations while maximising your refund or reducing the amount you owe.
Why Do You Need a Tax Return Accountant?
Filing a tax return can be confusing, especially if your financial situation is complex. Mistakes can lead to delays, penalties, or audits.
A tax return accountant ensures:
- Your return is lodged on time
- You don’t miss out on any deductions
- You comply with all ATO requirements
- Your return is correct and complete
This means less stress for you and potentially more money back.
See also: The Role of Power Automate in Streamlining Business Processes
Who Should Use a Tax Return Accountant?
While anyone can benefit, some people need expert help more than others.
You should consider using a tax return accountant if:
- You’re self-employed or a sole trader
- You own investment properties
- You have income from shares or crypto
- You worked multiple jobs during the year
- You have foreign income
- You want to claim complex deductions
Even if you’re an employee with simple income, a professional can help you uncover extra savings.
What Can a Tax Return Accountant Help With?
A tax return accountant can do much more than just fill out forms. They help with:
- Income reporting
- Claiming allowable deductions
- Calculating capital gains tax
- Handling investment income
- Ensuring tax offsets are applied
- Responding to ATO queries or audits
They stay up to date with tax law changes and apply them to your situation so you get the best outcome.
Common Deductions a Tax Return Accountant Can Find
Many Australians miss out on deductions simply because they don’t know what they can claim.
A tax return accountant can help you claim:
- Work-related expenses
- Car and travel costs
- Home office expenses
- Tools and equipment
- Self-education and training
- Donations to charity
- Depreciation on assets
They’ll ensure every eligible deduction is included, backed up by the right records.
What to Bring to Your Appointment
To make your tax return appointment smooth and fast, come prepared with:
- PAYG payment summary or income statement
- Bank interest and dividend statements
- Receipts for expenses and deductions
- Records of investment income
- Details of any assets sold
- Last year’s tax return (if available)
- ABN or business income records (if self-employed)
The more complete your documents, the better your tax return accountant can help you.
Benefits of Using a Professional Tax Return Accountant
There are many reasons to choose a professional instead of going it alone.
Accuracy: Avoid errors that can lead to ATO delays or penalties.
Time-saving: Get your tax done quickly without stress.
Expertise: Benefit from up-to-date knowledge of tax law.
Peace of mind: Know your tax return is in safe hands.
Better outcomes: More deductions usually mean a larger refund.
How Much Does a Tax Return Accountant Cost?
The cost of hiring a tax return accountant depends on the complexity of your return. Simple returns are usually affordable, while more detailed ones may cost more.
The good news? Accounting fees for preparing your return are tax-deductible next year.
At Nanak Accountants, we offer competitive, transparent pricing so there are no surprises.
When Should You See a Tax Return Accountant?
The Australian tax year ends on June 30. You can lodge your return from July 1 each year. The earlier you get started, the sooner you can get your refund.
It’s a good idea to meet with a tax return accountant:
- In July or August for annual returns
- Before the financial year ends for planning
- Anytime you have big changes like selling property or starting a business
Work With Nanak Accountants
At Nanak Accountants, we’re here to make tax season simple. Our team of experienced tax return accountants helps individuals, contractors, and business owners across Australia.
We offer:
- Personal and business tax returns
- Investment and rental property returns
- BAS and GST services
- Tax planning and advice
- Year-round support
Whether your return is simple or complex, we’ll take care of it for you.
Book an Appointment Today
Ready to take the stress out of your taxes? Contact Nanak Accountants today and book an appointment with an experienced tax return accountant.
We’ll help you lodge your return the right way and get the best possible result.
