It’s Tax Time: Should You Use a Tax Agent or an Accountant?

It may seem like it was only last month that you were collating receipts and preparing to lodge your Income tax return, and like many Australians you will probably make the same claims this year that you did last year and use the same firm this year that you did last year.  Should you consider a change?

Do you know if you are using a tax agent or an accountant?  A problem faced by many contractors is they have fallen into using a professional who may call themselves an accountant but whose focus is on preparing annual accounts and tax returns rather than providing tax planning advice.

A true accountant, as well as preparing accounts and tax returns, also looks ahead and provides advice on income tax and other matters that assists the business owner to maximise their income and minimise their tax.  At Satori Advisory Financial Partners should we believe you may have underclaimed in previous years, we will conduct a review of your previous Income Tax returns and lodge an adjustment for you.  That’s money back to you that somebody else missed.

Other services we offer include:

  • Tax returns for Individuals, Sole Traders, SMSFs, Trust, Partnerships and Companies
    Business Activity Statements (BAS)
  • Other end of year tax compliance (Superannuation compliance requirements, payroll etc)
  • Setting up an entity such as a Trust, Sole Trader, Pty Ltd company
  • Salary packaging
  • Negative gearing and investment properties
  • Legitimate work and business deductions
  • Asset restructuring

At Satori Advisory Financial Partners we understand that paying the right amount of tax and not a cent more means more disposable income in your pocket. Our accountants will ensure you’re doing just that AND help structure your accounts and/or business to maximise your income. Additionally, when you use Satori Advisory myVAULT to automatically collate your expenses, your time in managing your tax records is minimised, freeing you up to focus on what what’s really important to you. Give the team a call and re-discover your freedom.

The Accounting team are on 1300 925 081 or


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