It’s Tax Time
(Don’t Panic – an Accountant can Help)
Filing your taxes can be a hassle, depending on your situation. If you’re on your own, with no dependants, minimal investments, and no investment property, chances are – you can handle your taxes yourself.
But if your return is more complex, you might find it’s worth hiring a professional – someone who can not only save you time and stress, but money as well!
5 Reasons to Hire an Accountant to Do Your Taxes
1. You have a small business or earn extra cash on the side.
If you own your own business, there are many possible tax write-offs you could be missing out on. A professional accountant has the expertise to help you navigate them.
Likewise, if you work in the service industry and are coming home with pockets full of cash after every shift. The CRA expects this amount to be a real number on your tax return.
An accountant can also help with the sometimes overwhelming task of reporting any tips, gratuities and other occasional income you may take in throughout the year.
2. When Canada Revenue Agency contacts you.
If the CRA reaches out and wants to know about expenses related to your small business, it’s best to loop in a professional. It might end up being something simple and not much of a worry. But if you handle it incorrectly, it could escalate into a big deal quickly. Last thing you want to do is give Canada Revenue the wrong information. It could look like you’re cheating. And nobody likes a cheater. Especially when it comes to your tax returns.
3. You’re planning for your kid’s college fund.
If you have a child heading to college and you’re looking into Student Financial Aid from the government, having a professional look into the do’s and don’ts can be beneficial.
For instance, investments you have in their name – although they could be good for tax planning, might hurt them when it comes to applying for a student loan.
4. You own rental property.
A return on investment property can get tricky, and a professional can help you figure out what kinds of deductions you may be entitled to, as well as any extra taxes you may need to pay.
5. You’re planning for your retirement.
Planning for your retirement is not limited to those lottery tickets you pick up weekly at the drugstore. You’re more likely to rely on a nest egg that includes stocks, bonds, mutual funds and real estate.
Filing your returns on these investments can get tricky – another good reason to enlist the help of a pro.
Who You Gonna Call?
The Accountants at DTA Accountants & Advisors can help you get the most bang for your buck – at tax time and throughout the year! Services include monthly remittances, payroll, bookkeeping to full year-end financial statement preparation.
Experts in Success
More than just financial statements and tax returns, the professionals at DTA are experts at finance, marketing and communications – at your disposal, to be utilized to guide you toward achieving your goals.
If your schedule doesn’t allow you to come to them – they’re more than happy to visit you in the comfort of your own home or office – at your convenience.
Enlist the help of an Accountant TODAY!
Take the stress out of tax time or ANY TIME, with help from the professionals at DTA Accountants & Advisors. For more, visit www.dtaa.ca
Address: 390 Muskoka Rd N, Gravenhurst, Ontario, P1P 1G3
Gravenhurst: (705) 687-7737
Barrie: (705) 393-3388
Toronto: (416) 853-3388
Fax: (705) 687-7713