5 Top Reasons for Using an Accountant As Your Tax Preparer

5 Top Reasons for Using an Accountant As Your Tax Preparer

Usually if you are going to hire an expert to perform any type of service there has to be a good reason why you need the type of services they offer. This is no different when it comes to a tax accountant. In fact, you may not realize just how important it is to utilize these types of services when it comes to your taxes.

If you have a very simple tax return to complete then it really isn’t necessary to use these types of services, but you still need to be sure that you are getting all of your applicable credits. You may want to take advantage of one of the tax preparation software packages if you are good with computers.


Reason #1 for Using a Toronto Tax Accountant
Not only is it important to have a tax accountant for your year end submission but it allows you to build a working relationship with this individual, who can then help you throughout the year with your tax planning. This combined with ensuring that you are going to get all of the applicable credits which can save you a lot of money. These savings can more that cover your accountant expenses for many years to come.


Reason #2 – Less Chance of Mistakes Means Less CRA Hassles
Using a Toronto tax accountant as opposed to using just any tax preparer that only happens to surface at tax time can help you avoid mistakes. The CRA is currently in the process of making tax preparers register with them because of the numerous errors that are made by many of them during the tax season.


Reason #3 – Anything Beyond the Basics Requires Expertise
Aside from being able to do your basic tax return yourself, it doesn’t take much to put you into a situation where your tax return can become a whole lot more complicated. Perhaps you have started a small part time business at home, or you have some property income, or you have invested in some property in another country. These are just a few of the circumstances that can escalate the complexity of a tax return.


Reason #4- Bookkeeping Services for Your Small Business Needs
Often when you choose a quality accountant they also offer bookkeeping services as well, which is a real bonus if you aren’t good at keeping books. It is important that your accountant and bookkeeper work together to make sure that your financial records are in good order and providing the right information to your accountant that he requires.


Reason #5- Someone to Help You Deal With the CRA
If you happen to be in trouble with the CRA because you owe back taxes for example, a quality accountant can help you get all the tax work completed to get you caught up with your filings or approaching the CRA to make arrangements for payment. It is good to know that you are not alone when dealing with the CRA.


Be sure to choose us here as your Toronto accountant this year and you will surely see that your tax obligations got a whole lot better.


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Sam Seidman, CPA, CA, LPA
629 Sheppard Avenue West
Toronto, Ontario
M3H 2S3

Telephone: (416) 398-1700
Fax: (416) 398-6226

Chartered Professional Accountant, Chartered Accountant, Licensed Public Accountant


Contact Sam today

The information provided here and throughout the site of TorontoAccountant.CA is intended for general tax information only, and should not be misconstrued as a legal source of information regarding your tax situation, or be used for any other purposes other than for general information.
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