If you are just starting your own small business or you have been in operation for only a little while then it’s likely that you are trying to save yourself money at the very beginning and so you try to do as many jobs as you can all by yourself. Nobody can blame you for having this mindset but there are some things that you shouldn’t be trying to do and one of them is your tax accounts. You might think that you have a handle on it and that you are submitting the right figures at the right time but if there are any inconsistencies then you can expect to be audited by the relevant government department.
This is something that needs to be avoided at all costs and so you really do need to step aside and find yourself a qualified and professional tax accountant in Sydney. The fact that you want to do your accounts yourself will distract you from doing what you do best which is selling your products and finding new customers. It’s also likely that you will let your emotions rule over your brain and so you won’t be able to see issues with your accounts until it is too late. If you’re still adamant that you want to do them yourself then the following are just some of the many reasons why your business needs a tax accountant this year and every year.
Hopefully these three reasons can encourage you to reach out to the professionals so that your accounts and specifically your tax submissions are correct and above board.
