21 Oct Importance of a chartered tax advisor for your business
We all have heard of the term chartered tax advisor who assists you with advice on best strategies to assure you get to maximize your tax refunds. Chartered tax advisors can help you avoid penalties, ensure your payroll is calculated correctly, and maximize your deductions. But most often the term tax advisor is used to refer to an accountant that charges by the hour for their services.
This article will help you know what a chartered tax advisor does and will also give you some tips on how to find one for your business. It’s important to find the right expert who has experience in your specific industry (and even experience with your organization), as it can make all the difference in the world when managing taxes for your business.
Why should you hire a chartered tax advisor?
The use of chartered tax advisors is increasing dramatically and it is not just because of the increasing demands of the Tax Office. Because most small business owners do not have a large amount of knowledge about taxation, they can easily get confused and overwhelmed when trying to understand all the different rules and regulations. Chief among the concerns for small business owners is their ability to report and pay their taxes on time, if at all.
A Chartered Tax Advisor is needful to your business
When you go to an accountant, most of the time tax will be just one component of their services. Accountants may provide you with tax advice but they won’t usually provide you with full-service tax preparation and filing service.
Chartered tax advisors, on the other hand, choose to specialize in the area of taxation and payroll only. This means that they will be able to offer you a more complete range of services and be completely focused on your needs, enabling them to better assist your business with:
- Preparation of information returns.
- Preparation of Tax Returns that are fully compliant with Australian tax law.
- Full compliance with the requirements in the Corporations Act 2001 in a timely and efficient manner.
- Assistance with tax planning and administration in a cost-effective way for you.
Chartered tax advisors can also provide you with valuable referrals to other businesses or professionals which they think will best suit your needs, helping you to save time and money by not wasting time on unnecessary searches.
Thakur Chabert is your credible chartered tax advisor firm as we give the high-end financial services favorable to your business plan. Our team is well equipped and proficient and hence we at Thakur Chabert assure you that your business will succeed in all aspects. All our accountants trust in productively sharing the values to achieve your goals.