BRISTAX – Expertise
Brisbane Sydney Melbourne
Why exactly is expertise a big deal?
Two important issues with tax return preparation are:
1. Underclaiming tax deductions
If a tax return preparer is not highly skilled in tax return preparation, he or she may not be aware of all the possible tax deductions in a given situation. Some situations are more complex than others, and require a greater level of knowledge. The Income Tax Assessment Acts 1936 and 1997 contain many extremely complex rules. It is simply not possible for an individual to know all the rules.
Even experienced tax professionals can make mistakes if they are not careful. Why settle for a lower tax refund by having an inexperienced tax return preparer do your tax return?
2. Overclaiming tax deductions
Overclaiming of tax deductions can result from either ignorance or deliberate tax avoidance. It is possible to overclaim tax deductions and not get audited by the ATO for a number of years. Beware however, as if the overclaimed amounts are substantial the risk of anAustralian Taxation Office (ATO) audit increases.
If the ATO audits and finds you are overclaiming, not only will you have to pay the shortfall tax back, there is the potential for penalties ranging from 25% to 75% of the shortfall tax! Most of the time it doesn’t matter whether you prepared your return or a tax firm did, you the taxpayer are liable. Don’t run the risk of incorrect deductions on your tax return that may result in an audit from the ATO!
Expertise Means VALUE
Given our expertise, you might expect our prices to be significantly higher than other tax return preparation firms. Our prices are slightly higher, but not as much as you would expect. We keep our costs low to pass on the savings to you. We do this by using the latest technology and streamlined systems to eliminate unnecessary costs and procedures. As an example, we have been using a paperless office since 2010. We offer the best value tax return preparation in Brisbane, Sydney & Melbourne for the highest level of expertise – check out our prices for proof.
Our fee is claimable as a tax deduction on your next tax return. So, for most people with a standard tax return for $160, the after tax cost is only $105. What’s more, we can usually easily recoup our fee with extra tax deductions.
Which would you prefer, a slightly cheaper price and smaller tax refund, or a slightly higher price but an even larger tax refund?