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$59 Individual Tax Return - Unrestricted Conditions in Sydney
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really? worth setting up an account just for that?
I don't know about you but there's some things you don't cheap out on…IMHO accountants is one of them.
Are you replying to Mr. Trump above? :)
I do not think those $60 individual tax return is targeted at typical OzBargainers that have simple tax affair and are able to download the eTax software from ATO and get everything done under an hour (especially these days ATO pre-filled almost everything). There might be still a lot of people going to newsagency picking up their tax form and try to copy over figures from their payment summary — I have no idea.
If your tax is more complicated, then yes don't cheap out and find a proper accountant because what you get is more than just professional services but good advice as well.
it depends… some ozbers have massive deductions that they qualify but have no idea until they speak to an accountant. so the deductable $60 fee is a good deal anyway.
some ozbers have massive deductions that they qualify but have no idea
like who ?
those of us who are prostitutes(performing artists etc)?
seriously, i think advice is also very much about what you can deduct, without raising a flag that brings down an audit upon you.
So you reckon those $60 accountants are able to go through your book to work out the deduction and provide you with tax advice?
It depends, Scotty. It costs money to get a new client. When I was working at itp back in those days, we were told that it cost $90 to get a new client (not sure how true it was!!), again when I was working for large CA firm, we were told that it cost at least few hundreds to few thousand dollars to get a new client!!
In my opinion, it really depends on what the firm's goal is!! To get quick cash during the tax season or to build up client base quickly!!!
If you follow the ATO's guide for your particular line of business, generally that's pretty much all you're eligible for anyway. If in doubt, call ATO up for advice.
Pretty much. Some firm will hire uni students on $20-30 an hour (if that much), complete the tax return using a software (forgot what it is, some may even go as dodgy as using e-Tax…) and assuming Spreets take a 30% cut out of it, $42 inc GST goes to the tax agent which means they're still in front for most of the tax returns. Small margin but it's still a margin nonetheless.
@jv
like people who rely on broscience, particularly in this sense, broaccounting.if you don't use an accountant, and are happy with your current tax refunds, good on you, and move along.
@scotty
I don't agree that paying more = better service/quality, esp when it comes to doctors/lawyers/accountants. Paying less doesn't mean you always get crap service either.if you are someone who have complex finances (eg, someone with own business + investment property + stocks + foreign stocks ), chances are, you are using your own accountant already. No one in their right mind in this situation would go to a $60 spreet accountant would they?
@slowmo — that's what I am saying. It's not $60 tax return vs. $79 tax return, but more of $60 tax return vs. $500 account services.
@scotty.
on the same note, i can only speak for myself. I used to use e-filing. I got $X returns, and when i used a H&R block accountant (as you know, they are the not-so-cheap+nasty ones), i was made aware I can have more deductions.
I got $X+2000+2000(spouse offset) back. This is an individual tax return.make of it what you will.
What I'm saying, a lot of people think they are smart enough to know everything, but it's not always the case. The taxation system in this country is complex. Sometimes even a $60 service can make a big difference.
the money you spent on an accountant could be the best dollar you ever spent in that financial year.
i wish they had one in melbourne, have been looking for one.
Can some one suggest good accountant in melbourne southeast please.
I wonder if they'd do my tax return for $59 ??