Tax Preparation Services
Posted On: 31/01/23 - 0

As we approach tax filing season, it’s time to think about finding the right tax preparation services for you and your business. Here are some important things to consider. You are trusting this service with your financial information and depending on them to prepare your tax return accurately. You do not want to be faced with late filing penalties. But how do you know if your tax prep service is a good fit for you and your business?

Is This Tax Service Qualified?

The first thing you should look at is a tax preparer who is qualified. Anyone paid to prepare tax returns for others should have a thorough understanding of current tax laws. Most tax preparers will also need an electronic filing identification number in order to e-file on your behalf.

Does Your Tax Preparation Provider Communicate Well?

Your service provider should have excellent communication skills, both written and oral. During the preparation and filing process, you want to work with someone who clearly explains things to you in a way that you understand. They should provide information and advice on a regular basis and communicate with you to make sure they have all of the necessary data to prepare your tax return.

If the CRA examines your return and has questions, communication remains important even after your return is filed. On your tax return, you can designate your paid tax return preparer to speak to the CRA concerning it’s preparation, payment, refund issues or errors that may occur. Consider whether the firm will be open 12 months of the year, and how long have they been in business? Do they have a lot of experience providing this service to the public?

Does This Tax Office Offer The Services You Need?

You also want to look for a tax preparer who has the right skill set for you and your business. Are you filing just as an individual, or are you filing business taxes too? Make sure your tax service offers the right service you need. Consider the industry your business is in and look for a tax service that has experience dealing in your industry and the associated requirements and regulations.

Consider what other services you may need in the future as well. Do you just want your personal taxes prepared, or do you want someone who can also prepare corporate tax returns as well? Are you also looking for business advisory services which can be a huge benefit to you as a business owner. What about accounting or payroll management services? You may want to consider finding a tax firm who offers these other business services so you have everything you need in one accounting firm.

Unless tax law is an exciting hobby of yours, you probably need a tax professional on your side to help prepare your return, especially if you are a business owner. To the government, your business is a series of transactions, the CRA places the same emphasis on reporting requirements for a small business as they do a large one. A good tax firm can hep you comply with requirements and avoid costly mistakes.

If you haven’t hired a tax services yet, or your current one isn’t meeting your needs, we are ready and eager to help. When you work with us, you will find someone who understands your business and can do more than just prepare taxes.

12203-107 Avenue.
Edmonton, Alberta.
T5M 1Y9

Call us:
780.482.7297