In the world of financial services, there are a lot of different roles. Tax agents and bookkeeping services are also of them. Whether you are running a small business or the big one, both bookkeeping and tax agent are extremely crucial for prolonged sustainability. The Tax Agent and bookkeeping services Gregory Hills may appear to be the same profession to an untrained eye. It is because of both tax and bookkeeper deal with the financial data. At the same time, both of these services are inherently different, having their own set of benefits. 

Tax Agent Gregory Hills 

Tax agents are specialist type of accountants. They deal with taxation accounting. They are very well-acquainted with all tax matters with utmost integrity and clarity. They must study tax and law from the authorised institutes to perform the taxation process. The Tax agent in Gregory Hills will provide professional assistance to people or companies who don't want to prepare for taxes by themselves. 

The Roles Of A Tax Agent 

• Ascertaining or reporting about liabilities 

• Responsibilities or entitlements of your clients according to taxation law and order. 

• They will provide you with tax advice within the jurisdictions of tax laws. 

• Representing entities in their dealings with the Commissioner of Taxation.

• They will be responsible for submitting the returns and payment of taxes on your behalf. 

• They will assist you in claiming entitlements under a taxation law.

• A tax agent will help you understand business-friendly tax policies and procedures. 

Bookkeeping Services Gregory Hills

Bookkeeping services involve the responsibility of maintaining a business's accounting records. A Bookkeeper will assist you and keep a record of all the financial transactions in account books or computerised accounting software. One can hire bookkeeping services to work within a company internally or can be outsourced. A professional bookkeeper will provide you with weekly quality assurance, bank reconciliation, handling multiple bank accounts etc. 

Role Of A bookkeeper 

• Keeping financial records, updating, maintaining and balancing the multiple bank accounts in books or computerised systems. 

• Monitoring transactions, cash flow and lines of credit. 

• Preparing financial statements.

• Preparing and analysing budget and expenditure reports using account books, ledgers and accounting software. 

• Composing invoices, purchase orders and bank deposits. 

• Entering data, maintaining records and making reports and financial statements. 

• Processing the accounts receivable and payable, along with handling the payroll in a timely manner.