Mondays, meetings after lunch-time and tax season always look farther than they really are. That super annoying feeling of having to rush to your accountant at the last moment to lodge your taxes? We get it. You can unlock the secret tool that maximises your potential tax returns by 3X AND saves double the time taken by manual bookkeeping, with just one click!

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The tax window officially starts from June 1st and you should start gathering your income and expense information now. But what about the cost involved with that? Here’s all you need to know about accounting services rates in South Australia for this tax season -

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Accounting Fees in Adelaide

Adelaide, being the capital city, generally has higher accounting fees compared to regional areas. Here’s what you’re looking at:

• General Accounting Services: Around $100 to $250 per hour.
• Tax Preparation: Individual tax returns usually cost between $150 to $450, while business tax returns range from $300 to $700.
• Bookkeeping: Typically, you’ll pay $50 to $100 per hour.
• Business Advisory Services: These more specialised services can set you back $200 to $500 per hour.

Regional Areas: Mount Gambier, Whyalla, Port Augusta, Port Lincoln

If you’re in places like Mount Gambier, Whyalla, Port Augusta, or Port Lincoln the fees are a bit friendlier:

• General Accounting Services: Expect to pay $80 to $200 per hour.
• Tax Preparation: Individual tax returns are usually between $120 to $350, and business tax returns range from $250 to $600.
• Bookkeeping: Rates generally sit around $40 to $80 per hour.
• Business Advisory Services: These services typically cost $150 to $400 per hour.

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Smaller Towns and Semi-Urban Areas

In smaller towns and rural areas, you’ll find even more affordable rates:

• General Accounting Services: Rates range from $60 to $150 per hour.
• Tax Preparation: Individual tax returns usually cost $100 to $300, while business tax returns are $200 to $500.
• Bookkeeping: Generally, fees are between $30 to $70 per hour.
• Business Advisory Services: Expect to pay $100 to $300 per hour for these services

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Factors Influencing Fees

Several things can affect how much you’ll end up paying:

1. Complexity of Work: More complex tasks like forensic accounting or financial planning will cost more.
2. Experience and Qualification: Accountants with more experience or specialised qualifications tend to charge higher rates.
3. Firm Size: Bigger firms, especially those offering a wide range of services, usually have higher fees.
4. Client Type: Business clients like sole traders, Uber Drivers, Delivery drivers, Gig workers, on-demand health workers and small business owners  often face higher fees than traditionally employed individuals because their needs are usually more complex.

Tips for Finding Affordable Accounting Services

1. Bundled Services: Look for accountants who offer package deals for multiple services – it can be more cost-effective.
2. Regular Consultations: Establishing a long-term relationship with an accountant can sometimes lead to lower hourly rates or discounts.
3. DIY Bookkeeping: Doing your own basic bookkeeping can reduce the amount of work your accountant needs to do, which can save you money.

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Tip to wrap up your bookkeeping and invoicing needs within $50

Keeping it less and sweet will reduce the cost burden, you can further save more if you -

• Lodge this year’s bookkeeping expense in next year’s tax returns 
• Categorise business expenses regularly
• Track top expenses to optimise maximum returns on them

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Both TFN and ABN holders can opt for a tailor-made MyGigsters tax journey that allows them to -

• Automate income and expense tracking 
• AI-driven identification of potential tax deductions specific to their gig
• Manual tracking of income (TFN & ABN) and expenses
• Unlimited quotes, invoices and auto-reminders
• Document Storage
• On-demand ATO-ready reports for BAS, P&L and more..
• Access to MyGigsters Mileage Max App (Automated mileage tracking and logbook app)
• Asset Management and Home-office calculation 

… and a lot more at just $49 (plus GST) for life! Best part about this membership? It’s 100% tax deductible! Don’t wait, claim your lifetime membership today!