Tag Archives: tax accountant

A Tax Accountant Can Cut Your Bills

Even though everyone knows that taxes have to be paid, it can still be a nasty shock when the bill comes in. The most sensible thing to do will be to set aside a little money each week and hopefully by the time the bill has to be paid there will be most if not all of it ready to be paid. Unfortunately, life often gets in the way and the money is spent on other things, and for this reason it will be a good idea to have a tax accountant.

When you get your tax bill there is an expectation that you will pay it off quickly and therefore not owe anything to the government.  The reality is that there will be times when that cannot happen and you will start to incur penalties and charges. Interest will be added to the bill the longer that it is not paid and this can mean you soon have a substantial commitment that cannot be met. A tax accountant will be able to help and show you that there is light at the end of the tunnel.

The auditors working within the CRA are under instruction to get the money that is owed and there will be times that without the help of a tax accountant, you could agree to pay more than you have to and be in financial straits when there is an alternative. It is important that you sort out your finances and again this is where a tax accountant can help. If they can show you where you are paying too much tax then the bill will be lower, there is more chance that you will be able to pay and there is less chance of there being an penalties incurred.

It has been calculated that there are people who are paying up to three times more in penalties than they are actually paying in tax. That cannot be right and it is going to make it much more difficult to get out of the situation and just get back to paying the normal amount each year. A tax accountant will be able to help you and often can get the amount owed reduced. You can be sure that they will never judge you or push you to pay more than you can afford.

If you decide to deal with a tax accountant, do some homeworks before you do. Firstly, find out if they are prepared to give you a free consultation. You don’t want to pay someone to tell you that they can’t or won’t help you. Next, read up on them and see if there are any comments left by previous users. People love to give an opinion and if they feel let down they are bound to write about it. If you find a tax accountant that does not have any bad reviews, then you should be fine to pass your accounts over to them. The cost of the work they do for you will be swallowed up by the savings they could arrange.

Any tax accountant that tells you they can make all your problems disappear is probably best to be avoided. If they tell you that they will do their best for you, have experience in the area that you are struggling with, and have a lot of success due to the knowledge and experience they have, then you will be safe trusting them.

Why You Should Hire a Tax Accountant

When it comes to hiring a tax accountant. Hiring an inexperienced accountant with no expertise and knowledge specifically in taxes will not in any ways help you rather at points can harm your overall situation alright.

Filing your tax returns every year is an obligation on every citizen and every year it is the same question asked by numerous individuals on whether they should hire professional help to file their returns? Will hiring a tax accountant or tax consultant help in any way? The answer is a definite yes. First things first every tax situation is different from the other and in order to avail all amnesties applicable on your tax situation, a tax accountant will work to your benefit as he or she is a professional of the field and has far more experience of dealing with taxes and many of us do.

The best way to hire a tax accountant for yourself is to look for certified professionals who are experienced in the tax area as they are the ones who on a daily basis deal with several tax cases and situations and know best what will work out for you. There are often times when people suffer consequences owing to incomplete or improper filing of returns which is why a tax accountant should be chosen for the job to avoid any severe actions on behalf of the CRA.

Also when it comes to paying your taxes and availing every amnesty that you are eligible for, hiring a tax accountant will help especially in regard that new tax laws are governed almost every year and not knowing them and how they will work in your favor is a big loss on your part. Only a tax expert who on a daily basis caters to cases and situation is well aware of what to do in what circumstances. Also since these professionals are always dealing with the CRA they are more informed on how CRA would react to a certain stimuli by the debtor and what a tax payer should do in case CRA objects o him in any way.

You can look for reputed services companies that offer professional tax accountant services and consult friends and family members to find the best tax accountant for yourself.  You can however also check on the reputation of the accountant you are choosing for your tax matters and ensure that the selected candidate does not have any complaints registered against him or her.

Besides individuals, small and large businesses too benefit a lot when it comes to hiring a Canadian tax accountant as not only can they manage employee taxes and payrolls but can also help in making the most of available money while getting the best of the tax breaks for you. You can always opt to file your returns yourself; however any mistake will ultimately take you to the doors of a tax accountant, so why not make a wise decision on time.

Summary

 

Hiring services of a tax accountant helps in moving away from several taxes related issues that can arise later due to a mistake or having no knowledge of a certain tax related issue. Tax accountant can help in saving you precious money, time and hassle that you will spend with the CRA in absence of a tax accountant.

All Taxpayers in Canada Need Reliable a Tax Accountant

When the tax deadlines loom every year, Canadians are busy looking for a tax accountant in order to help reduce their tax load. Certain legislative changes in the past few years have allowed a specialized tax accountant to be more involved with CRA tax troubles. Knowledge and expertise of a specialized tax accountant comes in handy when there is a dispute with the CRA concerning tax assessment.

tax accountant is bound by a code of ethics in his or her profession. Constrained by law to disclose confidential information regarding a client, the tax accountant will not disclose clients information to any third party without written consent from clients.

Canadians require the services of a tax accountant when the CRA starts to challenge them with taxes problems. It is not easy to fight your own battles when it comes to negotiation and settlement of taxes. If you run a small business operation, the services of a good tax accountant will be invaluable. He or she will be able to help you find a way through the labyrinth of tax rules and provide the financial guidance that you require to manage your small business operations. A reliable accounting firm will not only handle audits and settlement of taxes for you but it will also keep you apprised of all the latest changes or developments in tax laws.

How do you go about finding a reliable tax accountant?

All business entrepreneurs can begin by asking their business associates about good accounting firms. It is crucial that you select a tax accountant who is familiar with your business requirements and your tax situation. For example, if your business is software or internet related, then you will have to seek accounting firms who are familiar with software skills and fluent in the language of e-commerce. If you are an exporting firm, then the accountants have to be conversant with all export laws and strategies.

It is not easy to be conversant with all laws pertaining to the filing of your taxes, even in a self reporting system of taxes. A good Tax accountant will be able to help in performing due diligence and in the correct filing of taxes. CRA cannot be given the excuse about ignorance of laws for not filing the taxes or filing them incorrectly.

CRA expects all taxpayers to be aware of the tax filing deadlines so that they can file on time. The accounting firm will be able to prepare and take care of prompt filing. A tax accountant will also keep a taxpayer informed about several credits that are available to the individuals. These credits can be claimed on the T1 Personal Income Tax Returns Forms. The credits help in the reduction of the final tax figure that is due to the CRA. There is a tendency among taxpayers to under claim some Tax Credits that are most challenged by the CRA as some accountants may not be asking the right questions and thus the chance of being denied the tax credits by the CRA increases.

Six Essential Tax Preparation Tips

If your tax situation has gotten little more complicated this year, you’ll want to read this. At Tax 911 Now we have some tips to give you so that you can get your tax preparation completed as soon as possible. The sooner you file your taxes, the less money you’ll have to pay in penalties and interest. We tax professionals at Tax 911 Now will help you to get your taxes prepared quickly and accurately, and you will not have to worry anymore. Here are six steps to take to get ready for tax preparation with a tax professional:

  1. Know your social insurance number and gather the numbers for those who will be on your return.
  2. Gather information including tax information slips, and other information sent by employers, banks, and businesses.
  3. Be sure to have your information about other income including self-employment income and rental income etc.
  4. Have your personal income tax information on hand such as your RRSP contribution limit.
  5. Have your receipts for deductions ready. Your Tax 911 Now tax professional can help you know what expenses are deductible.
  6. When you are ready with your information, Call Tax 911 Now to make an appointment.

 

Late Tax Preparation

Even if you are late filing your taxes, Our Team at Tax 911 Now can help you take care of your problem.

You will still need the information listed above when you come for a visit with us in the Toronto area or other region in Ontario. The sooner you file your return, the better off you will be financially.

 

Tax Preparation to optimize your refund

You may think that you can prepare your own taxes, but if your situation is more complex than average, you will wish that you had called a professional sooner. If you want to optimize your tax and you live in the Toronto area or other nearby region of Ontario, we professionals at Tax 911 Now are available to help solve your problems.

The fees you will pay for professional services will be compensated for by the additional tax savings that you will get from our services. We give very professional, expert services enabling you to receive the optimum tax results. You will definitely want call Tax 911 Now for your tax preparation needs again next year. Many of our clients come back to us year after year for our superior services.

If you are thinking about tax preparation services, call a Tax 911 Now tax professional today at 1-877-918-2991 and come visit us at the office.  Why struggle and worry any more about your tax preparation? You have better things to do, and we can help you.

The address of our office is:

Tax 911 Now
129 Telson Road, Suite # 100, Markham, Ontario, L3R 1E4

Professional Canadian TAX Accountants

Are you facing any of the following tax issues?

  • Issues on back taxes, late taxes, unfilled taxes?
  • Personal, self-employed business, Corporate and business tax issues?
  • Unreported Income, under-reported income?
  • Issue with tax audit (Income tax, GST/HST, PST, payroll, WSIB)?
  • International tax issues?
  • Overwhelmingly large tax bill?
  • Income garnishment, tax lien?

That is our specialty as Canadian Tax Accountants!

When you have complicated Canadian tax matters, there are very few Canadian tax accountants and lawyers who can handle the task. Most of them, due to the complexity of the issues, will stay clear from this filed. However, solving complicated tax problems is all we do!

Tax 911 Now has experienced Canadian Tax Accountants who practice exclusively on special tax field providing tax services to tax clients who have urgent or complicated tax issues such as those we listed above.

To better help clients, we provide full services so that clients can solve their complicated tax problems under one roof. We can prepare your bookkeeping in house; we can prepare your tax returns in house, be it personal, be it self-employed business, be it corporation, be it payroll, we represent you to deal with the taxman, we negotiate tax settlement, etc. as experienced Canadian Tax Accountants, we do it all.

Our satisfied clients are pleased as we provided them with exceedingly high quality of tax services on tough tax problems. Those clients would not even dream of dealing with a complex tax matter without our professional Canadian tax accountants’ help.

Do you have “Impossible”? “Unsolvable” tax problems? Tax 911Now’s team of tax experts and tax accountants will help.

We are excited about the challenge of trying to solve “impossible” or “unsolvable” Canadian tax problems.

If you have a complicated Canadian tax issue, you do not want to wait for long time to get some help as most of those tax problems are serious and urgent in nature – you probably want to fix it as soon as possible by effective tax accountants!

We strive to provide fast resolution to your tax problems! For example, in most cases, if we get a client with tough tax issue, we will start to take action immediately in the first appointment. It is a rewarding experience for us to see that clients walking in appearing stressed and walk out with sign of big relief!

Tax 911 Now’s Tax Service Range

Our Tax services include Tax Help, CRA Tax Help, Help with tax problems, CRA Tax Relief,  Tax Relief ASAP, CRA Problem Resolution, Tax Resolution Services, Tax Negotiator, Voluntary Disclosure Program, VDP, Tax Amnesty, Tax Repair, Tax Expert, Tax Issues, Tax Advisor, Tax Help by Licensed Tax Professional, Efile, Efiler, Tax Attorney, Accountant Help, Sales Tax Help, CRA Audit Help, Tax Audit, Tax Problem, Tax Lien, CRA Help, Back taxes, Unfiled tax returns, Past Due Returns, Emergency Tax Help, Tax Return Preparation, Payroll Tax Problem, Tax Levy Release, Wage levy Relief, Wage garnishment release, CRA Problem Solver, CRA Tax Settlement Negotiation.

What You Need to Do Immediately to Fix Your Tax Problems?

If you feel you will be caught by CRA pretty soon or you have received letters or calls or personal visit from the tax man, then you cannot afford to wait any longer! Do something to resolve your tax problems.

The first step is to stop procrastinating and running. Take action today!

Hire seasoned tax accountants who are qualified and have the experiences to help you solve tax problems. Many people try to handle their tax problems themselves and failed terribly.

Get Tax help TODAY by calling Tax 911 Now team at 877-918-2991 or go to Contact page.

Our Free No Obligation Consultation & Rate Guarantee

To begin with, we offer first time RISK FREE unlimited time consultation just to help you to understand the depth and complexity of your tax problems. We will also provide you the recommended steps to take to fix your tax problems. It is no obligation and thus it is completely up to you to decide what to do from there.

If you do decide to engage us to fix your tax problems, we provide price match guarantee within the entire tax negotiation industry.