Things To Look Out For When Choosing A Tax Preparer

Tax is one of the constants in life. Although many folks out there don’t enjoy paying tax, they equally can’t run away from it. Every member of all classes of the population have an obligation to pay tax to the government in order to keep the government running smoothly and seamlessly. So, the government is pretty serious with tax collection and imposes hefty punishments, in some cases jail time, on tax defaulters. Therefore, to avoid these hefty punishments placed on tax defaulters and fulfill their obligations as good citizens, people have no option than to file their tax returns on a yearly basis.


Available options when filing

When it comes to filing tax returns, tax preparation is an important part of the process. An individual can choose any of the different options available to prepare his tax return. He can use the services of a licensed professional, online tax preparation software, or even prepare the tax returns himself if he can.


Getting help to file your tax returns

However, most people prefer to use the services of a licensed professional tax preparer to file their tax returns. Using the services of a professional tax preparer to file tax returns helps to take the stress away from the whole process. For a small fee, a tax preparer will do an excellent job of filing your tax return. An important thing to take note of is that you will be held accountable for the tax returns filed on your behalf by the professional tax preparer. Thus, it is very important to choose a reputable tax preparation firm to take care of your tax returns to avoid getting into trouble with the Canada Revenue Agency.


Tips On How To Choose A Reputable Tax Preparer

Since taxpayers are legally responsible for the content of their tax returns whether the return was prepared by them or not, they should exercise care when contracting the services of a profession to prepare the tax returns for them. Below are some useful tips to guide you in your search for a reputable professional tax preparer:

Check the Qualifications of the Professional Tax Preparer: Many people in the tax preparation business are usually attorneys and accountants, and they belong to a professional body that not only provides its members with continuing education but also holds them to a code of ethics. Try to verify the qualifications of professional tax preparers from the professional body they belong to before entrusting the filing of your tax returns to them.


Pay Attention To The Reputation

Check the Preparer’s Reputation: Nobody will be comfortable entrusting a sensitive issue like the filing of his tax returns to professionals with a lot of black spots on their reputation. Therefore, it is of utmost importance to check the reputation of the tax preparer you are delegating the preparation of your tax documents to. You can verify the reputation of a tax preparer by checking for disciplinary issues and license status at the professional body the tax preparer belong to or the Canada Revenue Agency (CRA).

Request for Receipts and Records: A reputable tax preparer usually requests for receipts and other records in order to accurately file your tax returns. So, keep an eye for the documents requested by your tax preparer.


Blank Tax Form? 

A reputable tax preparer will never ask you to sign a blank tax form. Keep this in mind when you are in the market for a tax preparer to file your tax return.


Contact Tax 911 Now

Tax 911 Now is a highly reputable tax preparation firm located in Toronto, Canada. We help to relieve the burden of tax preparation from our clients. By contracting our services today, you too can begin to enjoy a stress-free filing of your tax returns.