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Benefits of Using a Registered Tax Agent in Australia | How to Choose a Tax Pro that Avoids Scams?

Benefits of Using a Registered Tax Agent in Australia

Over 1.4 million people lodge their tax returns through an agent to avoid any penalty and stay ATO compliant. Self-lodgment is overwhelming, but choosing a tax pro can free you from stress, maximise the return by claiming every possible deduction, and you can even claim the agent fee in the next financial year tax lodgment with the ATO. 2.5 million still hesitate from relying on the agent, fearing a scam. 

The best way to mitigate any risk is to seek help from a reliable Digital service provider, such as Aupod, which offers digital tax return lodgement backed by a TPB-certified tax agent and reliable accountants.

What is a Registered Tax Agent?

The Tax Practitioners Board approves registered tax agents. They are qualified, knowledgeable, and legally able to prepare and file tax returns as a service.

The registered Tax Agents, in contrast to the self-lodgment applications and unregistered preparers, are to meet strict education and experience standards. They are additionally protected by professional indemnity insurance, which safeguards you in the event something goes wrong.

When you work with a registered agent, you can be confident that your tax return will be;

  • Correct
  • ATO-Compliant
  • Handled by professionals

Top Pros of Using a Registered Tax Agent

There are many benefits of working with a registered tax agent. It gives you extra time to focus on growing yourself or scaling your business with confidence.

1. Stress-Free Tax Time

Self-lodgment can be intimidating, and a registered tax agent takes away that stress. They deal with the ATO on your behalf, handle the paperwork, and guide you through the entire process.

2. Save Time

Doing your return yourself can take hours. It all comes with 

  • Collecting documents
  • Researching deductions
  • Double-checking figures takes effort

With a registered agent, your return is done quickly, and it may take less than an hour. And if you want an even quicker solution, Aupod tax lodgment only takes about 5 minutes.

You Are Still Responsible!
A TPB-registered Tax agent can file on your behalf, but you are still responsible for any shortcomings in spelling or providing incorrect information.

3. Maximise Your Refund

Many Australians miss out on legitimate deductions. A registered tax agent knows the details of the ATO tax laws. They apply their knowledge to ensure you claim every deduction you are entitled to, helping you get the maximum refund.

4. Reduce the Risk of Errors

Mistakes in your tax return can trigger penalties or even an ATO audit. Registered agents know how to prepare returns correctly. Their expertise reduces the risk of errors and keeps your lodgement compliant.

5. Extended Deadlines

If you lodge your return yourself, the deadline is 31 October. With a registered agent, you may get up to 10 extra months to lodge. This gives you more breathing space to prepare and manage your finances.

6. Ongoing Support and Advice

A registered tax agent is not just for tax season. They can answer your tax questions throughout the year, give personal advice, and keep you updated with ATO changes that may affect you.

7. Tax-Deductible Fee

The cost of using a registered tax agent is tax-deductible on the following year’s tax return. That means professional help often pays for itself.

How to Find a Registered Tax Agent

The easiest way to find a registered tax agent is to check the TPB Register. You can also look for the registered tax practitioner symbol on their website or business card. The best way is to take help from a registered DSP that also has the tax agents and accountants available to sort out your tax problems. 

Final Words!

There are still many people wasting hours on filing their own taxes, without knowing which new rules are being implemented and which tax deductions are no longer applicable. The registered agents also make the tax time stress-free by saving your time, minimising any risk associated with the lodgment and maximising the refund you are eligible for.At Aupod, all our tax experts are registered agents. We combine human expertise with secure, ATO-approved digital tools to give you the best of both worlds: accuracy and convenience.

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