Why You Need To Find A Good Accountant
Through life there will be a few professional relationships that really count. Your doctor, lawyer, personal banker etc One of the most valuable relationships you will need is one with an accountant.
You may think an accountant is useful during tax season, when really they can be relied upon for so much more You can turn to your accountant for advice about financial and investment planning.
What if you really do have an income tax related problem? The best person to solve your problem is an accountant. Accountants are well versed in CRA policy and procedure, they may be able to find ways you or the CRA erred on your tax returns or expenses you didnt realize you could have claimed.
What if you have an income tax problem because you havent filed your tax returns for several years? An accountant is still the best choice. If you are in trouble, look for an accountant who specializes in resolving tax problems where the tax payer is non compliant. Mark Feldstein and Associates is a Chartered Accounting firm in Toronto and is a perfect example of an accounting firm that advocates for taxpayers that have big tax problems.
Your relationship with your accountant should be long term, so here are some things to think about when looking for a good accountant:
1. Research and ask your friends and family who they use. Nothing is better than a recommendation from a trusted friend who has used the accountant.
2. You get what you pay for! If you go to a chartered accounting firm, they may charge a larger rate than an H&R Block but remember CAs are experts, they work fast.
3. Google the accountant to see if anyone has posted negative feedback about the accountant online.
Many people think I want to pay the smallest amount of tax or I want the biggest refund at tax time and rush to find the most aggressive accountant. Aggressive accountants can be the ones who land you in real trouble. The best type of accountant is the one who is thorough, practical, and honest and has a low to moderate appetite for risk. Not someone who will cut corners to increase your bottom line and potentially get you audited. A former employer once said "if you are always honest, you never have to have a good memory" and the same couldnt be truer when it comes to your taxes and finances.
For more information about your credit and finances visit www.trueassess.com.
You may think an accountant is useful during tax season, when really they can be relied upon for so much more You can turn to your accountant for advice about financial and investment planning.
What if you really do have an income tax related problem? The best person to solve your problem is an accountant. Accountants are well versed in CRA policy and procedure, they may be able to find ways you or the CRA erred on your tax returns or expenses you didnt realize you could have claimed.
What if you have an income tax problem because you havent filed your tax returns for several years? An accountant is still the best choice. If you are in trouble, look for an accountant who specializes in resolving tax problems where the tax payer is non compliant. Mark Feldstein and Associates is a Chartered Accounting firm in Toronto and is a perfect example of an accounting firm that advocates for taxpayers that have big tax problems.
Your relationship with your accountant should be long term, so here are some things to think about when looking for a good accountant:
1. Research and ask your friends and family who they use. Nothing is better than a recommendation from a trusted friend who has used the accountant.
2. You get what you pay for! If you go to a chartered accounting firm, they may charge a larger rate than an H&R Block but remember CAs are experts, they work fast.
3. Google the accountant to see if anyone has posted negative feedback about the accountant online.
Many people think I want to pay the smallest amount of tax or I want the biggest refund at tax time and rush to find the most aggressive accountant. Aggressive accountants can be the ones who land you in real trouble. The best type of accountant is the one who is thorough, practical, and honest and has a low to moderate appetite for risk. Not someone who will cut corners to increase your bottom line and potentially get you audited. A former employer once said "if you are always honest, you never have to have a good memory" and the same couldnt be truer when it comes to your taxes and finances.
For more information about your credit and finances visit www.trueassess.com.
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