Page 1

Accountants And Tax Agents River Stone- What Is The Difference Between These Two?


People tend to get confused between these two. So, here are some points are written below which may help you to dissolve all your confusion.

Accountants and Tax agents River stone is in no way similar to each other just like different types of doctors in different hospitals for example the general physician, gynecologist, neurologist, ophthalmologist, etc. The term accountant is suitable for the people who have a proper qualification in accounting. Accounting profession includes management of accounts, tax accounts, financial accounts, cost accounts, and, many other things. Tax agent is an accountant who has been registered by the Tax practitioners, and


that is why they do not require any high educational qualifications. They required the minimum qualification, but they are well experienced in their own field as well as have specific insurance in place. They keep on educating themselves by continuous self-learning process and by gaining knowledge by mandatory professional education. Tax agents are needed to complete relevant courses in tax law as well as have minimum 12 months supervised skill to organize income tax returns and lodge a variety of tax returns each year. The person who charges a particular fee to maintain income tax return has to be a registered agent. But there is no


accounting qualification that can prevail against this requirement. These tax agents are registered by the government. They are fully updated with their surroundings they are of good character and have professional cover insurance. There are many places where it is very common for each and every individual to practice a tax agent to lodge their private tax returns. But in case, if you want to run a business, then the involvement of an accountant is going to be very vital, and it will also ensure you that you make the correct choice when it comes to Tax Planning business, structure and growth.


Tax agents concentrate fully on income tax like ‘how much income you have to announce’ and ‘how much you can claim back.’ They are very highly dedicated in arranging and lodging income tax returns. Whereas, an accountant is more alarmed with the planning and policy tactics and would definitely prefer to meet with its clients at least twice a year to get feedback on your tax position and structure. An accountant role is to guide its clients and customers about the action taken to minimize the income tax. Or you can also say it in this way, that almost every financial step you take has some level of taxation in one way or the other so it is


better to get advice from an accountant as he or she can help us out in different ways. Different type of accountants work in the entirely different environment, with varying sets of ability, they solve different problems as well, and there is often little in common though the management accountant might know very little about tax. As mentioned earlier they are registered by the government which means that they are licensed to offer tax services to the civic. On the other hand, this is not a lifetime license they are supposed to renew after a particular period like after every three years or something of that sort.


Above, all the queries about Accountants and Tax Agents River stone have been resolved. Hopefully, it will help you to reach conclusion.

ADDRESS: 7 Tussock Drive, Ropes Crossing NSW 2760 CONTACT US: 0452 064 151 E-MAIL: aaa.taxagent@yahoo.com

Accountants and Tax agents River stone  

People tend to get confused between these two. So, here are some points are written below which may help you to dissolve all your confusion.

Accountants and Tax agents River stone  

People tend to get confused between these two. So, here are some points are written below which may help you to dissolve all your confusion.

Advertisement