Perhaps the most dreaded yearly event for many people in Rockhampton is tax filing. For most people filing taxes is a complete mess no matter how they try to regularly sort and organise their receipts.

New tax laws further complicate the situation and hiring a tax agent Rockhampton seems to provide the perfect answer. Yet, what is a tax agent Rockhampton?

Tax Agent Rockhampton

An individual providing tax agent services in Rockhampton is the simple explanation of a tax agent Rockhampton. Also known as Public Accountants, their qualifications allow them to represent taxpayers and advise on all taxation laws of ATO or the Australian Taxation Office.

The specialisation of a tax agent Rockhampton in tax accounting authorises them to represent small organisations and businesses and perform all accounting duties. Ensuring that your tax agent is legitimate means that they are registered professionals of TPB or the Tax Practitioners Board.

Their license allows them to perform advisory and professional tax services. It means that hiring a tax agent Rockhampton provides assistance related to all tax matters, including tax payments and returns.

A good tax agent will take time to learn the inside and out of your business to develop:

• Better business analysis
• Optimum business structure
• Top protective strategies for your assets

Expecting more than just “numbers” are the quality services gained from hiring a tax agent Rockhampton. Being able to identify areas where your business can make more or save more money is gained when you opt to hire a tax agent.

Ideally, the skills that make a tax agent exceptional include:

• Business experience that goes beyond accounting
• Exceptionally good with numbers
• Good communicator
• Excellent project manager
• High technology literacy
• Good business advisor

Services Expected from a Tax Agent

The multiple services expected from a tax agent include:

• Taxation Law advisor

Being able to realise and understand the taxation obligations of your business is helped by a tax agent. This ensures compliance with all taxation laws and regulations.

• Handle the preparation of documents such as Tax notices and returns

Overpaying or underpaying taxes is avoided when a tax agent handles all tax documents including tax notices and returns.

• Install and implement accounting automation technology

Accounting software like Quickbooks, Reckon, SaaS, and many more is now the norm rather than the form for many businesses. Automation is crucial for any type of business, making your tax agent recommend the installation of these processes.

• Handle payroll services

Payroll is no longer done manually. A tax agent will likely use STP, an automated payroll software to interpret and apply taxation law reporting to all employees on your company’s payroll. The automated payroll system allows your business to stay compliant with the taxation obligations of ATO.

• Provide personalised tax services

Tax agent services are not confined to businesses alone. They can also provide personal tax services for individuals seeking help with their tax returns. Outsourcing a tax agent during tax time provides the best way to meet the deadline, provide proper tax documentation, and pay the correct amount due to the government.

• Help determine withholding obligations of businesses

Withholding taxes from the salaries of employees is required by ATO for all employers. It is the responsibility of a tax agent to determine the correct withholding tax amount to send to ATO.

To learn more about meeting your tax obligations, visit https://ctharrisco.com.au/.