The role of Tax Accountant comes with significant responsibility, here are some duties and responsibilities of a tax accountant:

• A tax accountant has to prepare tax, financial and BAS statements at particular intervals.
• To deal with the Australian Taxation Office and other authorities when it is necessary.
• To prepare income tax returns of a business in an accurate manner.
• Assisting their clients in doing financial planning is also the duty of a tax accountant.
• A tax accountant should review systems on a regular basis and to inform about the improvements or changes where it is necessary.
• It is always necessary for a tax accountant to engage regularly with their clients and to build a strong relationship with them.
• It became the responsibility of a tax accountant to examine the areas where client or business can reduce tax and can increase profit.
• Being a tax accountant it is your duty to be updated about financial as well as market trends.

Benefits of having a tax accountant for your business

• Hiring a professional tax accountant for you or for your business benefits in saving your money.
• If you are hiring an experienced accountant that will advantage you in reducing the stress of your tax duties.
• They will identify all the opportunities with the help of which you can  improve your business.
• A tax accountant always helps in ensuring if  your business is  structured well in a way to reduce tax and to provide stability to your assets.
• A tax accountant  always keeps you informed about the changing tax laws, not only that they even update you about the opportunities to improve your business.
• With the help of a tax accountant you can even make changes in your financials as well as  managerial decisions.