Find a tax agent in Hobart to help you get the best results from your income tax return.
Australia’s least populated capital city, Hobart is known for its impressive natural beauty and its relaxed, laid-back pace. From the fresh produce of the Salamanca Markets to the snow-capped peak of Mt Wellington, Hobart offers a huge variety of sights and experiences to its more than 217,000 residents.
If you live in Hobart and you need help preparing your income tax return, there are plenty of qualified and experienced tax agents available. With the end of the financial year just around the corner, now is the time to start getting your finances in order and working out how you can maximise your tax return.
How do tax agents in Hobart work?
If you find filing a tax return confusing, difficult and complicated, a tax agent can help. Tax agents are experts when it comes to preparing income tax returns for their clients. They can examine your income, assets and expenses to help you provide all the relevant information the Australian Taxation Office (ATO) needs to process your tax return. In addition, your tax agent can help you work out what you can claim as a deduction so as to help you minimise your tax bill and get more money back.
In order to provide tax agent services for a fee in Australia, your agent will need to be registered with the Tax Practitioners Board (TPB). The TPB website contains a database of registered tax practitioners in Australia, so make sure that any tax agent you’re considering using is fully licensed and registered.
How do I compare tax agents in Hobart?
Before choosing a tax agent to handle your income tax return, research all the available tax agents in Hobart and compare the services they offer. Make sure to consider:
What their fees are
- Check to see how much an agent charges for their services and whether this is affordable.
How much experience they have
- Look for an experienced tax agent who has a reputation for being efficient and trustworthy.
How they can help you
- Does the agent have any expertise when it comes to filing a particular type of tax return, for example business tax returns? Can they help you find extra ways to get more money back on your return?
How they prepare your return
- Will you need to visit the tax agent’s office to have your tax return prepared or can it be done online or over the phone?
Whether they offer advice and tips
- Good tax agents will offer you tips to help you minimise tax not only for this financial year but in the future as well.
How long it will take
- Compare when each agent can find an appointment time for you and how long they expect it will take to prepare your tax return.
What areas in Hobart are tax agents available?
Tax agents are essential everywhere, regardless of where you may live in Hobart or around Australia. Happily, tax agents are available all around Hobart, including in the following areas:
- Australia’s second oldest capital city is home to some beautiful heritage buildings and fascinating historical sites. Suburbs in this area include Battery Point, Dynnyrne, Fern Tree, Glebe, Lenah Valley, Mt Nelson, New Town, North Hobart, South Hobart and West Hobart.
- Glenorchy is found about seven kilometres to the north of the Hobart CBD and is bordered in the east by the Derwent River. Some of the suburbs in the Glenorchy area include Glenorchy, Austins Ferry, Berriedale, Chigwell, Claremont, Collinsvale, Derwent Park, Goodwood, Granton, Lutana, Moonah and Rosetta.
The Eastern Shore
- Sitting on the opposite shore of the Derwent River to the Hobart CBD, this region is linked to the city by the Tasman Bridge. Suburbs include Acton Park, Bellerive, Cambridge, Clarendon Vale, Clifton Beach, Geilston Bay, Howrah, Lauderdale, Lindisfarne, Mornington, Richmond, Risdon, Seven Mile Beach and South Arm.
- Brighton is found around 25 kilometres northeast of Hobart. Suburbs in the Brighton municipality include Bridgewater, Gagebrook, Old Beach, Pontville and Tea Tree.
What are the points in favour and against to use a tax agent to file my return?
- It takes the stress out of tax time. Putting together your tax return on your own can be stressful and time consuming, so using a tax agent ensures that your return can be completed with a minimum of fuss.
- You can take advantage of expert knowledge. Filing an income tax return can be a complicated and confusing task, so using a tax agent’s expertise and know-how will ensure that there are no errors or omissions that could bring you to the attention of the ATO.
- You’ll never miss a deduction. The rules around what you can and can’t claim as a tax deduction can be quite confusing for the everyday Australian. However, your tax agent knows all the ins and outs of claiming deductions and will help you get the maximum possible r
- They don’t work for free. Keep in mind that you’ll need to pay your tax agent for their services; however, you can claim this fee as a deduction on your next tax return.
Questions to ask your tax agent
Are you fully certified with the Tax Practitioners Board?
This will help you determine whether an agent is suitably qualified to prepare your tax return.
Do you have any expertise in handling this type of tax return?
For example, if you’re a sole trader who also has a range of complicated investments, make sure the agent has the expertise to get you the best possible return.
How much will you charge to prepare my tax return?
Make sure you get written confirmation of the fees involved before making a final decision.
What deductions am I entitled to claim?
A good tax agent will be able to provide you with a long list of expenses you might be able to claim as a tax deduction.
Is there anything else I can do to minimise my tax bill?
For example, could you look into deferring some of your income until the following year
How long will it take for me to receive my return?
Consider how long it will take for your return to be completed and how long until you get money back from the ATO.
What can I do in the next 12 months to reduce my tax bill next year?
A good tax agent will offer specialised advice to help with your tax returns for the future.
Getting a tax agent to help you prepare your tax return is a great way to maximise your return and ensure that you don’t make any mistakes that could put you offside with the ATO. Make sure to compare the services and fees of a number of Hobart tax agents before choosing the right one to handle your finances.