Never hire an accountant to handle your tax returns unless and until you understand why you need one. The main reason you need someone to manage your investment and property tax is that tax system can be pretty complex and you want to make sure you are paying the accurate amount and that amount is as little as possible. Here are a few questions you must ask your tax accountant before you hire him.
• Ask him how long has he been a tax accountant and what his range of expertise4? Find out whether he is comfortable and experienced in your case?
• Ask him to review you case and seek some capital gains tax advice. As him whether he thinks you are paying the right amount of tax. This will enable you to understand his understanding of the case.
• As him his fees and how well he will maintain your confidentiality? Is he one of the self managed super fund accountants who handles cases by themselves or is he planning to outsource some work?
• And lastly, how much time should the entire process take?
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