Yes, as soon as the festivities are over you are going to be entering into a new tax year, which means you have to start planning for your tax return. You may find yourself in a variety of situations. Perhaps you have a good accountant so you are in good shape. In the past you may have struggled with doing your own taxes or perhaps used a quick service to get the job done for you. These too are okay if you have a very basic tax return and you know for sure that you are not entitled to any additional tax credits other than the basic ones that most people are familiar with.
There are many small Companies that set up temporary establishments and hire tax preparers to complete the services they offer. As said, for the basic tax that may be all that you need. These individuals that are performing these services may not have the training or expertise in all of the tax laws that may be applicable to you. Often they just receive a week or two training in the basics on Income tax filing.
Also please feel free to Watch our Educational Video
Video – How to Choose a Tax Preparer in Toronto for your Personal or Business Tax by Sam Seidman, CPA, CA, LPA.
