Tax Service

Using a Tax Service or Tax Agent.

Studies have shown that using a tax service increases the likelihood of a taxpayer’s return complying significantly; this benefits both the ATO and the individual.

A tax service is a service from an individual or body that is registered under the TASA 2009. As the Australian tax system centres on self assessment being completed by taxpayers; this makes individuals responsible for calculating how much income they need to declare and what they claim on their tax return. This is why a tax service is invaluable.

Benefits of using a Tax Service;

The ATO offers a tax deduction for any fees incurred from a tax service as the ATO openly encourages taxpayers to make use of a tax service. Also every registered tax agent must acquire professional indemnity insurance in accordance with the tax practitioners board’s minimum requirements.