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Can I hire any sole trader accountant to do my taxes?

When it comes to doing taxes for a sole trader business, do you just need a tax accountant that does the job? Can you hire any tax accountant as long as they are qualified?  

Top voted answer
Ian Harris

Ian Harris, Partner at B+I Lockwood Accountants

Top 10% Tax

A good tax accountant can handle any entity whether it be a sole trader, a company or a trust.
But an inexperienced and/or incompetent tax accountant could provide poor advice on any of these structures no matter how straigh-forward they were.
No matter what entity or structure you are trading through you will need a competent tax accountant.
How do you find a competent tax accountant is the question?
 

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Amanda Hoffmann - Certified Bookkeeper, BAS Agent

Amanda Hoffmann - Certified Bookkeeper, BAS Agent, Owner / Manager ★ Certified Bookkeeper ★ BAS Agent at My Office Books - Virtual Bookkeeper & BAS Agent

Top 10% Tax

Most accountants or tax agents can assist a business owner / sole trader to complete their taxes. 

As a BAS Agent I would advise you to look at choosing an accountant like buying a business suit.
Is any accountant a good fit?
If you are a woman who wears a size 10 pant and size 14 business jacket, or a XS size as a man would you purchase a extra large suit and expect it to fit well?
What about the colour, length of the leg or button positions?
You wouldn't just randomly select any suit in the first store you go to and walk out with it - would you?

The same process applies to your accountant selection.

TIPS TO FINDING THE RIGHT ACCOUNTANT FOR YOU
Ask people in Facebook business groups or on Twitter who they use and why?
Does the Accountant "niche" in your career field? (The more they niche, the better they understand the tax law)
Do you like to talk or are you the silent type? Find an accountant you feel comfortable talking with. 
Lastly, check that they actually are registered as a tax agent by popping over to the Tax Practitioners Board website to look up their name and details. Its a wise move to ensure you are given the "right" advise!
https://www.tpb.gov.au/registrations_search

 

Hatty Bell

Hatty Bell, Community Manager at

Really helpful answer @Amanda Hoffmann - Certified Bookkeeper, BAS Agent ! Would you say that finding the right 'personality' fit is the most important thing over tax accountants with specific industry experience? 

Would you add any more tips @Ian Harris ?

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Amanda Hoffmann - Certified Bookkeeper, BAS Agent

Amanda Hoffmann - Certified Bookkeeper, BAS Agent, Owner / Manager ★ Certified Bookkeeper ★ BAS Agent at My Office Books - Virtual Bookkeeper & BAS Agent

Top 10% Tax

It depends on what you need in an accountant @Hatty Bell 
Industry-specific expertise might weigh in as more valuable than being your bestie with the accountant if you are into e-commerce sales. I know of clients who have saved over $20k simply by getting the correct advice/consultation.

It really comes down to what you are wanting to achieve, pay and experience in professional advice.   

Hatty Bell

Hatty Bell, Community Manager at

Wow, @Amanda Hoffmann - Certified Bookkeeper, BAS Agent , it's definitely worth investing in the right account then!

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