With tax season 2019 now in full swing, there are probably a number of people or businesses that are regretting taking their tax matters into their own hands. Possibly the idea is just to save some money by handling it themselves.

Like many other things – and we believe particularly in the case of dealing with SARS – ‘penny wise can be pound foolish’ and an experienced tax accountant can save you not only headaches but potentially a lot of money too.

You needn’t just take our word for it though. Here are 5 ‘C’s that conclusively conclude why an Accountant should be handling your tax matters…

Compliance

Whether it is for VAT or annual tax returns, there are certain deadlines, documentation, and rules that need to be complied with. Accountants can give you great advice on exactly what needs to be submitted and when.

Your first potential cost saving can be from avoiding the penalties that are attached to late returns and non-compliance in any respect. Good Accountants ensure everything is done correctly and on time.

Communication

Good communication with SARS can be invaluable to you and your business. As experts in the field of taxation, we have built relationships with SARS and other tax advisors. Accountants can communicate on your behalf to ensure you receive fair treatment and that you are paid any refunds that may be due to you.

Convenience

Most individuals in business simply don’t have the time or expertise to deal with their own tax matters. Even if they do, the cost of hiring a professional tax expert is almost certainly less than the time you potentially save running your business or soliciting new business. As we all know – time is money so here again a cost-saving is made.

Cost-saving

As if the above cost savings are not enough, remember the largest cost saving could, in fact, be your Accountant, ensuring that you pay no more tax than you should and that you are refunded in every area that you are entitled to some remuneration from SARS.

Cloud-based accounting

We at Sky Financial utilise cloud-based accounting. The benefits of having your accounting in the cloud have been expressed many times, as can be seen in our own articles. This relates to tax matters too, as the additional security, more streamlined documentation and seamless operation generated by cloud-based accounting, ensures that all your tax matters are more professionally handled.

If you now understand why an Accountant should be handling your tax matters contact us to find out what we can do for you, or your business, to give you peace of mind when it comes to dealing with SARS. We have a full range of other accounting services too, using leading cloud accounting technology, to seamlessly support our clients in achieving all their financial goals.