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How To Know You Need An Accountant To Manage Your Taxes

Filing taxes can seem like a chore if you’re new to it and have no idea how to go about the process. Often, the task can seem too time-consuming and dreary. With no background or previous experience in taxation, you might need the help of a professional. Especially, if you run your own business, work online or earn a high income.

Here’s how to know you need an accountant to manage your taxes:

1. Receiving Inheritance

When you receive an inheritance, you are liable to make some tax payments. These might include estate tax, capital gains tax or even inheritance tax. Hiring an accountant can aid in figuring out the amounts payable and save you from future tax liabilities.

2. If You Are A Business Owner

When it comes to running your own business or being self-employed, you are accountable for hefty taxes. Having an accountant saves you from having to pay thousands of dollars every year, they can guide you on the taxes that apply to you and you’ll always be informed on how much you owe

3. Renting property

If you happen to own rental property, it is your responsibility to cover the taxes. If you’re renting out multiple properties, having an accountant on board will help you keep track of all the deductions that apply to you. If you’re educated on taxes, you may be able to pass on some to your tenants. This could include repairs, insurance tax and real estate tax.

4. High Income

High income earners making around six figures a year should also hire an accountant. With so much on your plate, a professional can help ensure your taxes are filed properly, in a timely manner.

If you fall into one of these categories, we believe an accountant could be useful to you. If you need the help of a professional, at Opulent Accountants, we have many experienced individuals that can assist you and offer different packages based on your need.

Contact us now and we’ll prepare you for a hassle-free future!

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Nishant Kosambi
Nishant Kosambi
2 February 2023
Excellent work by Dayan, Chamie, Lihini and the entire team. They have always been very professional and helpful. They have taken care of my business and personal tax obligations for many years. They have also sought financial solutions for me. I am very happy with how thorough Dayan is with his work. Clear communication and regular follow-ups all the way. 5 stars for this gem of a person and his team.
Ajith Ratnarajah
Ajith Ratnarajah
6 November 2022
These guys are very professional. You get the best of both worlds of a personalised service from a company rather than from an individual accountant. Their processes are well established. I would strongly recommend Opulent for any small, big companies and high net worth individuals.
Da Bella
Da Bella
12 August 2022
I consider myself extremely luck to be introduced to Dayan and his team. I found the solution to my loan requirement in one meeting itself...Super efficient, friendly and humble....Opulent finance rocks!!
srikanth chintalapudi
srikanth chintalapudi
11 July 2022
Dayan and his team did it again!!! They're proactive and provided timely advice in the recent sale of my investment property. They're advice saved me a lot of $$. Dayan and his team have been assisting me for the last 10+ years and they're always a lifesaver. Highly recommend!
Chamith Subasinghe
Chamith Subasinghe
15 February 2022
The team at Opulent have been extremely helpful and resourceful in securing a home loan for me. The responses have always been quick and progress made quickly through the loan application process. The advice provided by Opulent is high quality and very useful, special call out to Ishara and Dayan who have been very knowledgeable, experienced and professional. I have recommended Opulent to my friends and they have had positive experiences as well. I would highly recommend giving Opulent a go!
Daniel C
Daniel C
26 December 2021
Highly recommend Opulent Accountants! I've been lucky enough to deal with Hasi, Dayan and Charlene and all three of them have been a great help. Thanks guys.
Sam
Sam
5 November 2021
Great Accountants and Mortgage Brokers. Prompt, Professional, Well-informed and Responsive.
Kesh Aryaratne
Kesh Aryaratne
11 October 2021
The team at Opulent are professional, accessible, friendly and most importantly prompt in getting matters sorted. I have had the pleasure in dealing with both Dayan and Hasi who have guided me throughout and have been extremely helpful in getting my complex tax matters sorted on time and in a professional manner. Great work guys.
Mukesh S
Mukesh S
29 September 2021
I was apprehensive to take the plunge into refinancing my loans. However Dayan and his team were very patient and made it a point to respond to all my queries and doubts . They must be leading busy lives themselves, however they were flexible and accommodative of my requests for meetings at close of business hours. Further I noticed that they are particular in their and the customer's paperwork. Along with Dayan, I'd like to call out the efforts put in by Ishara for ensuring a smooth transition. She has ben patient with my many queries and diligent in her handling of the paperwork. Thank you Dayan and team.