7 Ways a Tax Agent in Narre Warren can help you

We all see Tax agents as our guide to pay taxes but they are capable of much more. They can help you manage your accounts and optimize spendings to save more towards the year end. In this regard, let’s discuss how the presence of an elite tax agent in Narre Warren by your side can help you in several ways.

A tax agent can help you towards the following:

Utilize time perfectly

While online DIY ideas may seem easy, taking the help of a professional tax agent in Narre Warren is more fruitful. Having years of experience, they can offer case-friendly solutions which can save both time and money.  Their work is to carefully analyze your income sources, deductions, and other essential aspects to fill out the tax form successfully. However, unless you are well-versed in accounting, this process may take a couple of days to complete, with a greater chance of mistakes.

Informing about Tax guidelines

As part of their service ethics, tax agents must stay updated on all alterations made to taxation laws. So, while applying for taxation, they can help you understand every complicated term, including advising legal ways for minimizing tax returns. It also reduces the chance of failed tax form submission, preventing a surprise audit from the ATO.

Time Extension

The Australian Taxation Office (ATO) provisions individuals working with tax agents to have a greater time extension for submitting their forms. While the usual deadline for each financial year falls on October 31, you can have until May for completing the whole process. However, the ATO has their list of certified tax agents who are allowed these unique benefits. So, while looking for a tax agent in Narre Warren, be sure to ask if they are on the list or not.

Giving the right advice

Every person bears a distinct financial record, and hence getting the right advice is very important. Some may be normal, whereas some may be too critical, therefore requiring more streamlined resolutions. Thus, only a professional can help you avoid making unnecessary and bulky payments to the ATO. You can either choose to get a free quote to compare with others or check out reviews of their work quality. Similarly, if some of your assets are sitting at a loss, they can give you the best option to eliminate the asset without any fraud issues.

Calculating your total income

Another task your tax agent can help you with is to make proper and exact income calculations. This is done by combining all your income sources, including foreign investments, trust funds, pension schemes, etc. This may seem easy; however, it can take a person many days to make it right when done at home. While the ATO carefully analyzes your tax forms, any miscalculation is interpreted as a fraud attempt, which may mean hefty fines. It is wise to choose a tax agent in Narre Warren rather than blindly trusting DIY tips and tricks.

Schedule-friendly timing

Unlike DIY ideas, getting a professional tax agent can also help you maintain a uniform balance between your work and other needs. Nowadays, many tax agents offer online services and are also quite understanding when scheduling offline meetings. You can choose to work via email, messages, or over the phone, without going out of your home. With vast options available, you can also pick an agent providing services within your set budget.

A complete package of services

A good tax agent always provides complete and genuine services to their customers. They have several tasks starting from accessing all necessary documents, making exact calculations, determining profits and losses. Apart from that, they also help claim returns and provide 24/7 support and advice if any issue arises. Therefore, when you sign the papers with a tax agent, you can expect thorough services to the end.

If you need a taxagent in Narre Warren who is good at all the skills described above, talk to Rands Financial Services. They have some of the best tax agents in town to help you manage your tax and more with ease. 

7 Tips to Help You Choose the Best Mortgage Brokers in Melbourne

Most of us don’t know anything about finance yet we need its knowledge to handle property and tax related issues. However, mortgage broking could be the worst of them all. In case you have little to no idea about it in the first place, you’re digging your own grave during solo attempts. One of the easiest solutions to avoid probable catastrophes is to hire an ideal mortgage broker. But with so many mortgage brokers in Melbourne, it takes an eagle’s eye to separate the wheat from the chaff. How to do that? Here are some tips to get you started.

Complete your homework

Nowadays, finding online loan companies is very easy. You just need to fill in your requirements and click on search. However, to make sure you choose a safe and accredited mortgage broker, making a comparison is best advised. Many sites provide reviews on the online brokers, or else you can visit their official website.

Understanding their payment type

The payment type of mortgage brokers varies from one another. So, it is highly necessary to make sure that you choose the best mortgage brokers in Melbourne. And this can only be done by creating a query of their payment type. Both upfront and trail commission is the most common forms of payment. However, if your broker receives compensation through the latter one, they are not obliged to continue their services till the loan tenure.

Accessing their competency

Before hiring a particular mortgage broker, you should make sure that they have the required qualification and experience for doing so. While qualification is essential for them to deliver superior services, experience determines their service quality and duration. They should have a university degree, Certificate IV in Finance, and Mortgage Broking. Another beneficial way of finding the perfect broker for you is to ask for references from your friends, relatives, or colleagues.

Questioning Interest Rates

A good mortgage broker maintains a transparent relationship with their client. Their work involves finding the best mortgage loan for you with the best interest rates. As they continuously work with customers, private lenders, and banks, they are well-updated about all the loan processes. But, in case your broker is avoiding directly answering your questions regarding the loan, you should switch over to a new one.

Examining their communication skills

Apart from providing mortgage broking services, they should have excellent communication skills too. Termed as "Business Ethics," this skill is alone enough to know how your broker might be providing their services. You can talk to their previous clients or take one of their free consultations for determining their excellence. Using complicated words and not explaining them clearly is also one of many fraud brokers' most common tricks.

Finding their ownership structure

Many often, brokers are partially or wholly owned by big banks. Although this is a common thing, it can significantly affect their quality of services as they might trick you into indirectly employing the bank's services. Regardless of their ownership structure, a good broker will always tend to provide only what's best for their clients. So, while looking for the best mortgage brokers in Melbourne, you should make sure to hire a non-biased one.

Acquiring documents in writing

Although no broker would want to be suspended and have their mortgage accreditation taken away, the chance of being lied or duped cannot be ruled out. To ensure you are not being caught into any of their traps, it is advisable to ask your broker to provide written credit assessments. This copy can also help you access the terms and conditions and, thus, make a wise decision whenever you want. However, asking for your credit assessment reports might be chargeable.

Now you’re all set to look for an ideal mortgage broker. In case, you find it tiresome, always consider Rands Financial Solutions as your ideal bet. They have a pool of best mortgage brokers in Melbourne to serve their customers. You can leave all your worries to them and they will surprise you with a quick solution.