What to look for in a good tax agent.

Finding a great tax agent locally in here Launceston can be life changing. They can improve your cash flow dramatically and take the time and stress out of getting your tax return done. Here are a few things to look for when looking locally for a tax agent.

1. Expertise and Qualifications

Having the right expertise, experiance and qualifications is vital. they should:

• Be registered with the ATO.

• Have a deep understanding of tax laws, deductions, credits, and compliance.

• Check they have the right specialization if needed (e.g., small businesses, crypto, investments, freelancers)

2. Accuracy and Attention to Detail

Keen eye for detail is crucial. They should:

• Spot errors before they become problems.

• Ensures all documents are complete and correct.

• Knows what red flags could trigger audits.

3. Clear Communication

Communication is key. They should:

• Be able to explain tax jargon in plain language that you can understand.

• Respond promptly to questions.

• Provide regular updates through the process.

Strategic and Proactive Advice

A good tax agent will leave you much better off than you would have been:

• They will help you reduce future tax liabilities.

• They will offer guidance on tax planning, deductions, and business structure.

• They will keep you updated on relevant changing tax laws.