Do you need to seek out Accountants Toronto services that only deal with tax matters for your specific industry
Naturally if you are going to use an accountant to assist you with the preparation of your taxes, then you want to know for sure that this expert has all of the expertise required to get the job done right.
You may or may not need accountants Toronto services depending on your circumstances. If you are having a simple tax return completed then any level of accountant should be able to serve you well. If you have a Corporate tax that needs completing then you will want to use accountants Toronto services, as they have additional training that will serve the tax return needs of your Toronto business.
The next question is does the Chartered Accountant have to be specialized in the accounting procedures for your particular industry? It certainly does help if the professional has experience in your particular area of business but it is not mandatory. General accounting principles remain the same but there are specific tax rules for some industries. A good quality accountant will do all of the necessary research to ensure that they are using all of their resources to complete your tax matters for you.
You may also find that an experienced professional such as this will be up front with you if they do not feel comfortable providing services on your behalf. It may be that your industry is a complex one and the professional does not feel that he can serve you to the best of his ability due to the tax complexities that come with the industry. For example, some accountants do not wish to do tax on medical related tax returns because of the additional rules that may come with this industry.
It is also most important that when you choose accountants Toronto services that you supply all of the financial information that you have regarding your business to the accountant. He has to rely on your documentation in order to prepare a proper return.
You will find that most likely your new accountant will ask you to sign a letter of engagement. This is a contract between you and this professional that clearly outlines what responsibilities the accountant is taking on.
Give me a call here at 416-398-1700, and lets determine if my many years of experience and expertise as a Toronto accountant can serve you best.