It's one of the most common accounting FAQs. You don’t want to trust just anyone with something as important as your finances. That’s why it’s worth doing your research before deciding on an accountant.

To find a good accountant, ask friends, family, and colleagues for a recommendation. Conduct some online research and look for an accountant that speaks your language and shares your values. Read reviews and testimonials. Give them a call and ask any questions you have.

If you feel like they know their stuff and genuinely care about you and your financial position, you’ve found a good accountant.

You should feel like you can trust your accountant. If you don’t, that’s a sure-fire sign it’s time to switch. Also, keep in mind that if your accountant is willing to lie to the ATO to minimise your tax obligations, they are probably okay with lying to their clients, too.

The best accountants are honest, professional, and always maintain integrity.

Feel like your accountant is ripping you off? Concerned that your accountant has you paying way too much tax? Sick of your accountant talking down to you and using financial terminology that you don’t understand? Tired of paying for every two-minute phone call?

These are all signs it’s time to change accountants.

On the hunt for a new accountant but not sure what you’re looking for? Keep an eye out for these qualities:

• Personalised services that cater to your unique needs
• Clear communication that isn’t condescending or filled with industry jargon
• Fair, transparent pricing that doesn’t leave you feeling ripped off

If you like to get more of your accounting FAQs answered, head over to our blog.

This question is a must-answer in accounting FAQs. Everyone is required to pay their fair share of tax. But, if you think you’re paying too much tax, it’s worth getting a second tax opinion. A second tax opinion can pick up on any mistakes, missed opportunities, or unclaimed deductions.

The most effective way to reduce your taxable income is to enlist the help of tax specialists, like the team at Clarity. We can help you identify deductions you didn’t know you were entitled to, restructure your business or investment portfolio to minimise payable tax, and implement other tax-saving strategies.

Yes, but you’ll likely end up paying more tax than necessary.

Yes. The team behind Clarity can lodge tax returns on behalf of:

• Individuals
• Companies
• Trusts
• Partnerships
• Sole trades
• And more

Whatever your circumstances, we can help you maximise your return.