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Tax Returns - you pay for what you get!

Jennifer Palmer - Sep 2011

Apparently according to an article I read the other day almost 71% of people use a tax agent each year.  However this doesn't mean your tax return will be correct - almost 22% of tax returns lodged this year by agents to the ATO have contained simple errors. Would you believe that the most common errors include year of birth, sex code and surnames.  This is not surprising when many returns these days are completed for the bargain price of $70 via big tax agent chains with a 'factory mentality' of just getting the job out the door. In addition the rate for errors by those who self prepare is 25%.  So what is the moral to the story?  If you pay peanuts, then that’s what you’ll get!  Time needs to be spent on each job to make sure it is compliant with the ever changing tax legislation. It’s knowing what to do that is important, not just the processing of the job. Our guide is to make sure that the best financial outcome is achieved for the client every single year.


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