Anybody can give tax advice, however whether it is true and correct is a different story. Hiring an accountant with a professional membership means that they are always up to date with current legislation, have the required qualifications and act with ethical conduct.

If you are switching accountants this year, the first thing that your new accountant will need is your tax return from last year. For businesses or rental property owners this is especially important. If your accountant cannot looked what was claimed last year they may not be able to carry forward certain deductions to this years return and you may miss out. Things such as depreciable assets, borrowing costs, formation costs. All of these are expenses which are claimed over a

Accountants cannot give financial advice unless they are registered to do so. Often clients will ask questions that lean towards more financial advice than tax advice.

Can I prepare my own individual tax return? I often get asked this question and as preparing tax returns is my business, it is hard to remain unbiased. From my perspective yes everyone can prepare there own tax return. With mygov now prefilling your end of year information, lodging your tax return is now easier than ever. However that said I would still recommend using accountant. Why? Because most people find tax tedious and boring and want to get it over and done with as qu