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Paying an Accountant to do Your Tax Saves You in the Long Run

​One of the best "spend money to save money" initiatives I've ever had was to get myself an accountant to do my tax. When I first entered the workforce, I did my own tax (free) for two years, and both times owed a very large amount of money. 

The third year I found myself an accountant and it was the best $130 I've ever spent. The accountant obviously knew so much more about the system than I did and knew so many tax deductions that I had never claimed. He was also able to recognise I was not having enough tax taken out by my second job - which was what caused me to owe extremely large amounts of tax previously. I now get a decent return every year on tax. 

This year I introduced my boyfriend to my accountant and he got twice as much back this year as last year! $130 for an extra $1,000 in his pocket - and the $130 he spent is claimable on next year's return anyway!
Contributed by Kate Bradshaw
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  • Home
  • Join the Club!
    • Twenty Reasons to Join the Cheapskates Club
    • Gift Memberships
  • About Us
    • Cath's Story
    • Ask Cath
    • Glossary of Cheapskating Terms
  • Forum
    • Current Forum Discussions
    • How to Use the Member Forum
  • Inspiration
    • Getting Started
    • Handmade Christmas Central >
      • Handmade Christmas 2025 is about to start
    • 31 Days of MOO Index
    • Articles
    • Back to Basics >
      • Back to Basics
      • Back to Basics Index
    • Housekeeping Routines
    • Budget Renovations
    • Saving Stories
  • SAVING REVOLUTION
    • 2025 Saving Revolution Index
    • Saving Revolution Resources
  • Recipes
    • Recipe File Index
    • Meal Plans
    • Add a Recipe
    • $300 a Month Food Challenge >
      • $300 a Month Food Challenge
      • The $300 a Month Food Challenge Forum
  • Newsletters
    • Newsletters 2025
  • Saving Money
    • Bill Paying System
    • Cheapskates Tip Store
    • Tip Sheets
    • Top Tip Competition
  • Contact
    • Changing Details
    • Help Files