What is the cost of personal tax return preparation services?

Personal Tax ReturnHiring an accountant to prepare your personal tax return will cost you $60/hr on average. If you have a simple and straightforward job, you can expect tax return accountants to charge as low as $33/hr. However, if there are complicated issues with your tax return, you’ll have pay your accountant a higher rate at approximately $99/hr.

Where do these prices come from?

All prices stated in this article are based on FY 2016 pricing data compiled by ServiceSeeking.com.au. The figures resulted from a comprehensive analysis of quotes submitted by Tax Accountants on the site from July 2015 to July 2016.
Tax return jobs on ServiceSeeking.com.au

Michael, a truck driver in New South Wales, paid $180 for the preparation and lodging of his tax return.

Laurence from Victoria paid a high amount of $375 to have his tax returns sorted as he hasn’t done tax returns for a few years.

Reliable tax return services per project

The average price of a personal tax return job is approximately $101.29. Keep in mind that this rate may still change depending on how easy or difficult it will be to process your papers. If your accountant encounters an issue with your tax return, you’ll definitely need to pay a bigger amount as preparing your documents will be more complicated.

Taxing service factors that raise overall costs

Hiring an experienced tax return accountant can definitely take the stress away during tax season. However, you shouldn’t just hire anyone to handle your personal tax return preparation. You need to choose the most qualified professional whose expertise and rates suit your needs and budget.

There are several factors that could make the processing of your personal tax return complicated, and these include the following:

Sources of income

If you have more than one income source, your deductions and the overall processing of data will be more difficult. In most cases, these issues require more attention and result in higher costs.

Deductions

Correctly identifying and listing your deductions is critical to tax preparation. That is why accountants take more time and effort in this aspect. They ensure that all the details are accurate, and of course, the longer they work on your tax return, the higher the price you’ll need to pay them.

Business shares, investments, and properties

Any income-related data connected to businesses, investments, and properties will be entered in your tax return form. However, handling these types of information takes more time and expertise. Because of this, you can expect the overall cost of the tax return service to increase as well.

tax accountant

Tax return processing cost differences per state

Cost of personal tax returns and advice

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When it comes to tax preparation services, residents in New South Wales pay less compared to those in other states in Australia. At approximately $40/hr, they can have a qualified accountant to work on their tax returns. This is definitely much lower than the cost of hiring professional tax return accountants in Western Australia, which is around $55/hr.

Clients in Queensland, on the other hand, can expect higher costs for tax return services at about $60/hr. Victoria has an average rate of $66/hr for the same type of service. Meanwhile, tax return accountants in South Australia charge the highest price at around $75/hr.

Are you looking for a qualified personal tax return specialist? Don’t take chances with questionable businesses. Log on to ServiceSeeking.com.au and get quotes from experienced tax return accountants today.

 

Pricing information correct as at August 2016.

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