The difference between Bristax and many other tax accountants and tax agents in Australia is our expertise. For example, many tax return preparers employed by firms such as H&R Block, ITP Income Tax Professionals, Etax.com.au etc are very inexperienced. Some of them have less than 1 year of full time tax experience – our tax accountants have a minimum of 10 years of experience!
Sometimes people bring their tax returns to us to be fixed or their tax refunds to be increased after they have been done by an inexperienced tax return preparer. Our tax accountants can often increase the tax refund – legally and without risk of audit from the Australian Taxation Office.
For overdue and multiple year tax return lodgements, Bristax is often regarded as Australia’s #1 late tax return specialists.
Our founder, Stephen Blake, ensures the tax services Bristax provides are of the highest quality. Stephen is a Chartered Tax Adviser, a CPA qualified tax accountant, holds a Master of Taxation, and is accredited as a lawyer. Why is tax expertise so important? Read below to find out.
I have been going to Stevie to do my taxes for the past 10 years and she is amazing – I would definitely recommend BrisTax to others!
For many years I have chosen BrisTax as my preferred accounting service provider. They are professional, reliable and trustworthy. I’m confident that over the years (Close to a decade) I still can refer my friends and colleagues to seek assistance with any accounting matter to BrisTax and know that they are going to be well looked after. Thank you Steve & Stevie.
Why is expertise important?
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 Australian Taxation Office (ATO) for a number of years. Beware however, as if the over claimed amounts are substantial, the risk of an 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!
I have been using Stephen Blake at bristax for the last three financial years and has done a great job each time, very professional, responds to your calls and emails promptly, flexible appointment times with the option of late evening appointments. A pleasure to deal with and I will continue to use bristax in the future.
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 pricing 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 $180, the after tax cost is only $118. 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?