Accountant for Tax Return

Lodging your tax return might seem straightforward, especially with tools like myTax—but when you run a business, have multiple income streams, or want to maximise your deductions, working with a registered accountant can make a real difference.

This guide explains why using an accountant for your tax return in Australia is often a smart investment, what they actually do for you, and what to look for when choosing the right one.

Do I need an accountant to do my tax return?

No, it’s not mandatory—but for many people and businesses, it’s highly recommended.

You can lodge your own return using ATO online services. But if you:

• Run a business (even as a sole trader)

• Own investment property

• Have capital gains or crypto assets

• Claim lots of deductions

• Want to avoid mistakes or penalties

• Just don’t want the hassle

…then an accountant can simplify the process, save you time, and usually get you a better result.

What does an accountant actually do for a tax return?

A good accountant will:

• Review your income and deductions and ensure everything is declared properly

• Identify deductions you may have missed, like depreciation, travel, or home office costs

• Check for compliance with ATO rules (especially if you work across multiple income streams)

• Help structure things for future years, not just file and forget

• Lodge your tax return with the ATO on your behalf

• Communicate with the ATO if there’s a refund delay or audit query

What’s the difference between using an accountant and doing it yourself?

Is an accountant allowed to lodge tax returns?

Yes, but only if they are a registered tax agent under the Tax Agent Services Act 2009. You can check their registration on the Tax Practitioners Board website.

Never use someone who isn’t registered—it could lead to delays, incorrect lodgements, or even ATO penalties.

How much does it cost to get an accountant to do your tax return?

Pricing varies based on your situation. Approximate starting points:

• Individual tax return (simple): $150–$300

• With rental property or investments: $300–$600

• Sole trader / contractor: $400–$700

• Company or trust return: $1,000+ depending on complexity

Important: The fee is tax-deductible in the year you pay it.

What should I bring to a tax return appointment?

Bring anything related to income or deductions for the financial year:

• PAYG payment summaries or income statements

• Bank interest summaries

• Records of income from ABN or side hustles

• Expenses: tools, equipment, subscriptions, travel, training, etc.

• Private health insurance info

• Donation receipts

• Rental property statements

• Prior year’s tax return (if changing accountants)

What makes a good accountant for tax returns?

Look for:

• Registration with the Tax Practitioners Board

• Experience in your income type or industry

• Fixed-fee pricing, no surprise invoices

• Clear explanations without jargon

• Use of cloud tools for fast and secure sharing of documents

• Responsive communication during and after tax time

FAQs

Is the accountant’s fee tax-deductible?
Yes. You can claim the cost of managing your tax affairs—including accountant fees—as a deduction on your next return.

Can an accountant help if I’ve made a mistake in a past return?
Yes. They can review past years, amend your return and help deal with any ATO correspondence.

What if I’m late lodging?
Accountants often have extended lodgement deadlines if you’re registered with them before 31 October. They can also request deadline extensions if needed.

Will I get a bigger refund using an accountant?
In many cases, yes—because they know how to legally maximise deductions and structure things correctly.

Want peace of mind with your tax return?
Contact Latitude Accountants to take the stress out of tax time. Whether you’re a sole trader, contractor, investor or employee, we’ll ensure your return is accurate, compliant, and working in your favour.

📞 Contact Latitude Accountants
📧 info@latitudeaccountants.com.au
🌐 www.latitudeaccountants.com.au

Disclaimer

This information is general in nature and does not constitute financial or tax advice. Legislation and policies may change and individual circumstances vary. Always consult a registered tax agent or the ATO for advice specific to your situation.