Benefits of using a registered tax agent

When you need to do your income tax return, you might be considering whether to use a registered tax agent or not. There are many online tools out there that claim to make your tax easy. But are they reliable and accurate? And do they offer you the best possible outcome for your tax situation?

Learn how using a registered tax agent is important and how it can benefit you.  I will also tell you about Gotax, a registered tax agent that has been around for 30 years specialising in individual income tax returns.

What is a registered tax agent?

A registered tax agent is a person or a company that is authorised by the Tax Practitioners Board (TPB) to provide tax agent services for a fee or other reward. Tax agent services include preparing and lodging income tax returns, giving advice about taxation laws, representing clients in dealings with the Australian Taxation Office (ATO), and more.

To become a registered tax agent, one must meet certain qualifications and experience requirements, as well as being a fit and proper person. The qualifications and experience requirements vary depending on the type of tax agent services one provides, but generally they include having a relevant degree or diploma in accounting or law, completing relevant courses in taxation law and commercial law, and having at least 1,000 hours of relevant experience in the past 5 years.

A registered tax agent must also maintain professional indemnity insurance that covers their liability for any errors or omissions they make while providing tax agent services. This protects both the tax agent and their clients in case of any disputes or claims.

Why use a registered tax agent?

Using a registered tax agent has many advantages over using unregistered preparers. Some of these advantages are:

- A registered tax agent can help you maximise your tax refund or minimise your tax liability by applying their knowledge and expertise of the complex and ever-changing taxation laws. 
- A registered tax agent can save you time and hassle by taking care of all the paperwork and lodgement process for you. They can also communicate with the ATO on your behalf if there are any issues or queries regarding your tax return.
- A registered tax agent can ensure that your tax return is accurate and compliant with the taxation laws. This reduces the risk of making mistakes or omitting information that could result in penalties or audits from the ATO.
- A registered tax agent can extend your lodgement deadline by up to 10 months if you are eligible for their concessional due dates. This gives you more time to prepare your tax return and pay any taxes you owe without incurring interest charges or late fees.
- A registered tax agent can provide you with ongoing support and assistance throughout the year if you have any questions or concerns about your taxes. They can also keep you updated on any changes or updates in the taxation laws that may affect you.

How to find a registered tax agent?

To find a registered tax agent, you can use the TPB Register, which contains registration details of all registered, suspended, and deregistered tax agents in Australia. You can search by name, location, registration number, or service type.

You can also look for the registered tax practitioner symbol on their website, business card, or advertisement. This symbol indicates that they are registered with the TPB and bound by their Code of Professional Conduct.

Another way to find a reputable and qualified registered tax agent is to check if they are a member of a professional accounting organisation such as CPA Australia. This means that they have met high standards of education, ethics, and professionalism.

Why choose Gotax?

If you are looking for a reliable and experienced registered tax agent to help you with your individual income tax return, look no further than Gotax. Gotax is a registered tax agent that has been around for 30 years specialising in individual income tax returns.

Gotax offers online portal where you can lodge your income tax return quickly and easily from anywhere at any time. You just need to answer some simple questions about your income and deductions and submit your return. Gotax will then review your return, make any necessary adjustments, and lodge it with the ATO on your behalf.

Gotax only ever charges a flat fee for their service, no hidden extras, just select the type of service you require.  A fee from refund service is available.  You can also choose to pay your fees from your refund, that means you don't have to pay anything upfront, for a little extra.

Gotax guarantees that you will receive the maximum possible refund or the minimum possible tax payable, or they will refund their fee. They also guarantee that your return will be lodged within 24 hours of receiving it.

Gotax has a 100% satisfaction rating from their clients, who praise their fast, easy, and affordable service. Want peace of mind, check out some of our testimonials on our website at gotax.com.au.
Gotax are registered tax agents, CPAs and Chartered Accountants.

Gotax also has the very useful Deduction Grabber app which you can download free at anytime to record your yearly expenses.  Never miss a tax deduction again...

So what are you waiting for? If you need to lodge your income tax return, don't risk doing it yourself or using an unregistered preparer. Use a registered tax agent like Gotax and enjoy the peace of mind and convenience that comes with it.

To get started, visit www.gotax.com.au and register for free. Ongoing support is available when needed.

Remember to choose Gotax and get the most out of your taxes today!

(1) Tax agent registration | Tax Practitioners Board - TPB. 
(2) Qualifications and experience for tax agents - TPB.
(3) How to become a registered tax agent - Monarch Institute.
(4) Public Register | Tax Practitioners Board - TPB. 
(5) Finding a tax agent | CPA Australia. 
(6) How to Become a Tax Agent - Institute of Public Accountants.