One of the most important decisions that you will have to make concerning your business or personal finance is to decide whether to hire a tax accountant to help you file your tax returns. When it comes to tax preparation, you can either opt to do it yourself or you can hire a tax accountant to do it for you.

tax details

What Does a Tax Accountant Do?

A tax accountant has in-depth knowledge of tax laws and regulations. He/she will help you file your tax returns in compliance with government laws and procedures, while still helping you save money through various tax deductions. Most tax accountants provide advice on how you can save money on tax while still falling in line with the tax laws and regulations in place.

Advantages and Disadvantages of Using an Accountant

Hiring a tax accountant comes with its own set of advantages and disadvantages. Here’s a look at some of the most obvious pros and cons to using an accountant.

Advantage: Save Time and Money

tax sheet and calculator

One of the major reasons why many businesses hire a tax accountant is to save them the hassle of tax preparation. Reading, understanding and implementing any changes brought about in tax filing can be a highly time-consuming process. Going by the age-old adage of ‘time is money’, the hours spent preparing and filing your taxes can end up costing you more than what you would have to pay to have a professional do it for you.

Another important factor to consider is that a competent tax accountant can help you save money on taxes. By identifying all the ns on a tax deduction that you’re eligible for, an accountant can help you save a considerable chunk when it comes to your taxes.

Disadvantage: Tax Accountants Do Not Come Cheap

A good tax accountant will charge pretty high rates for his/her services. While the possibility of saving money on taxes appeals to most business owners and individuals alike, the biggest deterrent to hiring a tax accountant is the cost. Tax accountants do not come cheap. Taking the plunge and paying someone to file taxes might seem as a luxury for most business owners who are just starting to grow their business. ‘Why to spend money on an accountant when I can do it myself’ is the attitude most small-time business owners adopt once they realise just how much they would have to pay to hire an accountant.

Advantage: No Room for Error

Tax preparation is quite a complex process. Unless you’re an experienced professional, there’s a pretty high chance that you will make some mistakes when calculating tax and crunching numbers. When you hire a tax accountant to do this for you, you can be sure that the final numbers are a hundred percent correct. A tax accountant leaves no room for errors. By hiring a competent tax professional, you will not have to worry about incorrect tax filing and the possibility of having to pay fines or penalties for any mistakes that you might have made during the process.

Disadvantage: Not All Tax Accountants Are Reliable

accountant responsibilities

Filing tax returns and ensuring it’s done correctly is a very important aspect of running a business. While hiring a tax accountant to do this for you is a smart move, you need to be very careful about who you hire. Not all so-called tax accountants are capable individuals who know the ins and outs of tax regulations. If you hire someone who does a sub-par job, you could land yourself in a lot of trouble. So, it is of utmost importance that you do your research and hire someone reliable and highly experienced to handle your tax preparation and filing needs.

Advantage: Tax Preparation Fees Might Be Deductible

When you hire a tax agent or accountant, one indirect advantage that you gain is that the tax preparation fees that you incur may be deductible the following year. So, not only do you gain the expertise and knowledge of an experienced professional when it comes to filing your tax returns, but, you also gain a financial benefit by way of a tax deduction. Now that is definitely great news.

Disadvantage: Need to Plan Well in Advance

Another big drawback to hiring a tax professional is the need to plan it all well in advance. As mentioned earlier, there are a lot of unqualified and dodgy tax professionals out there. If you want to hire one that’s good and has a lot of experience, then you need to plan it out ahead of time. Finding a good tax accountant close to the tax filing date can be a challenge as most of them will already be busy with other clients. So, unless you’ve planned ahead, you will be left with very few viable options when it comes to hiring a competent accountant.

There is no clear-cut answer to the question—do I need to hire a tax accountant? The answer depends on various factors such as: are you well versed when it comes to tax laws and regulations? Can you invest the time and effort it takes for tax preparation? Can you be sure that you comply with all the government laws when you file your taxes? Are you sure that you’ve made use of all the available tax deductions to save you money? Depending on your answers to these questions and considering the blatant advantages such as convenience and peace of mind, you can then make a decision on whether you need to bring in a professional to take care of your taxes.

The whole idea behind hiring a tax accountant is to make things easier for you. If you are one of those people who struggle with tax preparation, who doesn’t like the idea of spending hours going through financial statements and accounts and learning about tax regulations, then maybe the best thing for you to do is hand over those responsibilities to an expert. Someone who specialises in those areas and can get the job done quickly and efficiently.

Our children should be empowered to discover, wonder and explore everything in this Universe that appeals to their minds.
The organization, communication, perseverance and attention to detail are among the essential traits required to pursue scientific inquiry. Though these skills may be developed independent of science, education of our children can be more well rounded when these new age skills are taught with science as the foundation. This should be an approach to tutoring to help the children practice these essential skills in cross-curricular environments.

animated teacher using green board

Unique approach

They should believe that every child should feel that he/she is special. They recognise that each child has unique interests, special needs and individual learning styles and focus on these factors when working with your children.

Professional Tutoring Services

Professional tutoring services are carefully designed to assist a child in reaching his/her maximum potential throughout the Australian pre-university academic pursuit. The educational courses that they will offer should be spread across the 12 years of academic learning of a child. The goal of any professional tuition centre is to create in-depth content knowledge aided by active engagement of the intellect. The process will further develop a range of capacities and mental habits to prepare knowledge workers which the new economy is demanding. It will prepare your children to meet the challenges of the new economy
Armed with the skills that the new economy is looking for, tutoring services help groom the children to be part of a future workforce that is well prepared to meet the challenges. The process also involves teaching life skills that are critical to ensuring their success in the chosen path. The science tutoring services that are being provided support as well as advance the new economy skills while enhancing the practice of science through focusing on these core skills. More importantly, the science tutoring services should be more broad-based to help students inculcate rich scientific values that will lay the foundation for their higher pursuits in life. We share some of the videos to children to provide a broad range of benefits in a study. Here is the small example video which we would like to share with children during our tutoring services.

Primed for knowledge acquisition

Consider these: – As parents or guardians, how often have you faced questions like these:-
Why is the globe round?
What brought me here?
How does the car run?
How does the light glow?
What makes the water hot?
In the pre-adolescent stage, learning is not restricted to the four walls of a classroom. In fact, learning is an ongoing process, throughout one’s life. At every nook and corner, there is some curiosity and children are never afraid of asking questions.

Tutor Centre should range of regular courses

They should work on the philosophy that at the primary level, children should be equipped with a strong interest in learning science by building strong fundamentals. Focus Should be on strong writing, reading and arithmetic skills will lay the foundation for the scientific quest and seamlessly transition into the secondary education. This strategy will reach its pinnacle when the Accelerated Learning is introduced. This helps students to get ahead of their peers and provide them greater and early exposure to more complex tasks. Together, they are ready to road-test their academic learning in more challenging scenarios.

Equipping to take learning beyond the text

True learning comes from the application of knowledge to practical situations. Therefore, between the secondary and VCE level, our focus shifts to equip the children to think outside the box (books). Getting good grades is essential, but what is even more important how the academic excellence reflect in real-world applications. Coaching College, students should primary know why they are learning one or more subjects. Expert tutors have the answers to the ‘whys’ that will inject life into those questions. What we aim for is not just science tutoring but kindle the love for learning, help them to think critically and prepare them not just for the grades, but for a vibrant life ahead.

Test preparation

number of books in the shelve

Rigorous time-tested strategies should be taken into consideration that delivers perceptible improvements in an unimaginably quick time. Expert tutors from multiple faculties design each course and their combined experience of several decades and they are fully updated on all the latest in the Australian primary education arena. All important changes are instantly reflected so that students can always keep ahead of the competition.
As parents, guardians and teachers, it is the responsibility to encourage learning. As elders, encouraging learning is a duty cast upon us, and we should not only grasp those wonderful moments but also strive to create opportunities for more such moments and pave the way to unravel the mysteries of the scientific word.

Young children are naturally hands-on learners

Kids in yellow t-shirt posing on bench

Project-based learning is all about hands-on activities. Young children are eager to throw themselves into the ring and that is the best way to learn too. Learning through the medium of play presents the perfect opportunity for the kids to experiment with an array of rudimentary scientific processes like cause-and-effect. If this opportunity is denied to children till they reach adolescence that could be a gross injustice meted out to them.

Early interests influence later life of children

The interplay between nature and nurture affords children, even during the early ages, an opportunity to get busy discovering the true individual in them. “Show me a child until he is seven, and I will show you the man,” is a famous quote from St. Francis Xavier that eloquently brings home the point. An early start to education ensures that scientific quest is ingrained into the educational mix when the young kids start developing their desires and passions.

One-to-one learning opportunities

They should offer a one to one learning opportunity for every child enrolled under the wide array of courses. Sitting in a third or 4th row, your child can hardly have any kind of personal interaction with the teacher. The eye contact with the child is particularly important during the early years of learning. This will make a significant difference to learning for your child.

We need to act now for the bright future of children

The world today, is intensely competitive and focus on learning science right at the start is not an option but an indispensable necessity. Nearly 50% of Australian schools devote just about one hour per week for learning science in the primary schools. Only 4% schools allocate 5 hours per week for learning science in the primary grades. That brings our focus to where your child will gain timely knowledge.
Speak to one of representative for good Tutor centres for a free assessment of your child’s needs and make the right decision now, to ensure a sparkling future for your child.