It is true that your accountant plays a very important role when you file your tax return, so that you will get an utmost benefit from your business. However, your own inputs are equally important.
Here, I have given you some important points that you need to tell your Sydney accountants and tax agent.
1. Give them brief information about your side income:
You need to tell your accountant not only about your business income, but also regarding the side income that you earn during the year.
2. Tell them complete information about your investment:
You should also not forget to share even the smallest information about your personal or business investment. This will help you to get right capital gains tax advice to make correct decisions regarding your business.
3. Inform what kind of accounting method you prefer:
Business organizations prefer different methods like Bookkeeping, Budget Analysis Accounting, Financial accountants. That’s why it is important that you should tell them your preferred accounting method.
To know more about small business accounting, contact Gotsis Accounting Sydney.
