Why Have a Professional Firm Prepare Your Tax Return?
A popular dilemma that constantly arises in today’s world is whether a person should prepare and file their own tax returns without consulting a tax professional. There are important factors to consider when choosing to take this route. Every person needs to properly evaluate their situation to determine whether tax advice is necessary. For instance, if your situation is simple or remains unchanged year over year and you are competent and confident enough to understand the various forms and schedules on an income tax return, then you should by all means file your return on your own. However, every situation is different. We, at AccountingKW, provide expert advice to ensure every person pays the amount of tax they are required and nothing more.
Some of the most significant benefits of using our services is that we have a broad knowledge base and can save you time and money by assessing your situation for you, with you. Think about the hours you could save yourself from trying to read through and understand the CRA’s instructions, publications, and/or news releases. If you put a monetary value on your time, you might find that the hours you spend labouring over your tax return ends up costing more than the fee to have a return prepared.
Remember, there is a lot of room for error when it comes to filing various forms on a return. We can help in this regard by properly detailing where any balance owing or refund comes from.
Some of the person tax related services we offer are:
• Personal E-Filing
• Returns for deceased individuals
• Self-Employed Profit & Loss Calculations
• Investment Income / Loss Computation
• Prior Years Return Filing
• Appeals to Canada Revenue Agency