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Which Professionals Should You Rely on at Canada Tax Time

Which Professionals Should You Rely on at Canada Tax Time
When it comes to filing taxes even those with the most simple filings find it to be dreadful. Although it would seem that with the modern technology of today concerning our computers and being able to use software instead of hard copies of the return that tax filing would be a breeze. After all, computers can do everything right? Unfortunately in many cases it can take several different types of tax professionals to ensure that your returns are being done right, and the computer is not one of them, as this resource is basically just a tool. It is only as accurate as the information you feed it. Taxes are based on being done right by using and filing the right information. So just who do you turn to for help in filing the perfect tax return?

 

If you are a business, or self employed that you may need to start with a good bookkeeper. There is a lot of financial information that you will need to work with and it has to be organized properly. This means keeping good accounting records and that is what your bookkeeper will do for you. All of the pertinent financial information is kept in the proper format so it can be resourced for compiling the taxes.

 

The next expert you will need will be an accountant. There are many different areas of accounting and some of those in this profession choose to specialize. There are some that only do taxes while others will do other services like tax planning. Then there are some accountants who only specialize in servicing a specific industry. For example, there are some that only take on clients related to the movie industry.

 

If you have a really complex problem with the CRA that you and your accountant are not able to satisfactorily deal with the tax government on, then you may need the services of a tax lawyer. Often in these types of cases the courts become involved and you need that lawyers expertise in the tax law to assist with this.

 

In most cases you can narrow down your tax professional necessities to a good quality accountant who is established and experienced in tax filing. As long as you provide this expert with all of the required documentation and information needed for the tax return, it is a task that can usually be done quickly, easily and right.

 

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Sam Seidman, CPA, CA, LPA
629 Sheppard Avenue West
Toronto, Ontario
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Email: sam@torontoaccountant.ca

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