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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Moumita Ghosh
Moumita Ghosh
2020-11-18
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We've been meeting Dayan for years now and he is great with his advice and is very knowledgeable and pragmatic. We recently used his services to get the home loan for our house and he and his team went above and beyond to get us the best possible deal. Ishara in his team was super communicative and responsive in following through and made the process very easy for us. Highly recommend them!
Cara Neela
Cara Neela
2020-10-24
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Dayan and Hasi are wonderful, wouldn’t hesitate to recommend them! They went through all with a fine tooth comb to ensure all was correct. Thanks to you both and the Opulent team!
Jason Barry
Jason Barry
2020-09-29
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I was looking for a different accountant and was recommended to Opulent Accountants. I have been blown away with there service. I wish I moved accountant sooner. Platinum Plumbing Enterprises P/L
Afshin Koohestani
Afshin Koohestani
2020-09-10
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Uditha Illeperuma
Uditha Illeperuma
2020-09-08
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Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.
Dinesh Fernando
Dinesh Fernando
2020-09-03
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Very happy with the service provided in getting my tax returns done. Mr. Dayan is very helpful and professional and has extensive knowledge in his field of expertise. Highly recommend if you are looking for a hassle free and prompt service.
Ronald Turner
Ronald Turner
2020-07-16
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Opulent were absolutely fantastic to deal with, they are competitively priced and incredibly proactive and friendly. For me I have been much better off using their fantastic services as opposed to doing tax returns myself. Sum was amazing, incredibly knowledgable and super friendlyI'll certainly be back with Opulent next year
Milinda Wickramasinghe
Milinda Wickramasinghe
2020-07-05
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Opulent team has been fantastic and it has been truly a pleasure dealing with the team for more than 10 years. Dayan and Ishara have gone above and beyond to assist and communicated with me even when I was overseas. Excellent service has being provided in a professional and timely manner. I would highly recommend the team.
Chami Ranaweera
Chami Ranaweera
2020-04-28
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I have been working with Dayan last 9 years. All of my loans, refinance and tax are done through Opulent.Dayan and his team including Ishara are very helpful and easy to deal.
Edmund Lobo
Edmund Lobo
2019-12-02
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We were new entrants to the cattle farming scene. All the rules and regulations surrounding primary production can be very confusing. The team at Opulent Accountants walked us through all the steps, set up the necessary ABNs and Company / Trust accounts, filed the related pending BAS and Tax returns, and is currently keeping us up-to-date with all ATO related transactions. We recommend them highly to all.