The truth of the world that becomes more apparent as you grow older is that money can’t buy you happiness, but it can buy a lot of things that make you happy. Your hard-earned money is precious to you, and it deserves to be dealt with in the hands of a professional.
A tax accountant can handle everything to do with taxation and returns for an individual, company, a partnership, a trust or a self-managed super fund (SMSF).
Tax Accounting for Individuals
A tax accountant can record transactions for an individual such as income, deductions, investment profits and losses, and so on. A professional tax accountant will properly handle all tasks related to the calculation of the individual’s tax and the preparation of tax documents. Financial firms typically also offer accounting services for the individual that tracks all incoming and outgoing funds, including non-taxable personal expenses.
Tax Accounting for Businesses
Tax accounting for business as compared to an individual is far more complex, as there is more information to be processed. Incoming funds and outgoing funds are recorded as usual, but taking into consideration the regulations on business expenses, shareholder funds, and so on makes it more difficult, and professionals are required as they can flawlessly go through the process.
Tax Accounting for Organisations with Tax Exemptions
Even tax exempted organizations like charities need tax accounting as they have to file annual returns and record transactions like grants or donations.
Financial services can also help you with financial planning, home, business or asset finance, investment, wealth creation, superannuation, and external auditing. For all your financial needs in Newton, an expert tax accountant in Newtown awaits you!