Michael F.
Parkdale, VIC
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I have had the same accountant for years. They do my return and I'm sure it's done properly.
However, when I did my last return I asked my accountant a question ...
What could I / should I be doing to minimize the tax I pay?
Am I paying too much tax with my shares?
I claim as much as I can when I do my BAS & Tax Return, but is there a better way?
Any other strategies?
My accountant said they assess my return based on the information provided and they do not provide advice.
hmmm
wondering what your thoughts are? Also, I saw this website
https://taxfitness.com.au/ but it seems to be targeted towards accountants, is there something similar for individuals?
Responses
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Graham Doessel - CEO - MyCRA (Specialist Credit Repair) Lawyers (LPH)
Current Rating: 4.65 / 5
Business Advisor Brisbane, QLD |
get a new accountant
if you were going to a 'tax agent' then that answer may be okay(ish) but I believe a good accountant is essential.
Just my thoughts
If you want advice for tax minimisation, per above, get a new accountant that does more than just prepare the return. Along with you asking questions, they should be asking you plenty as well.
Seek a CPA/CA accountant, with relationships to financial planners and finance brokers, so you can have a team of professionals working for you.
You will pay more for this, but it will likely pay significant dividends down the track.