Top Five Things to Look for When Hiring a Tax Preparation Service

For many people, filing taxes can create anxiety or concern. Whether they find filing taxes complicated and time-consuming or that they lack the knowledge to do it properly, some of us can feel a sense of dread at tax time. If the thought of taxes causes you any stress, you may benefit from hiring a filing service to help you complete and submit your return.

A tax preparation service will assist you in preparing your tax return through E-file, and provide accounting and bookkeeping services if needed. They will help you file late tax returns and claim any financial benefits like Harmonized Sales Tax (HST) refunds and Canada Child Benefit credits. A tax preparation service can also give you advice on accounting and general tax inquiries.

With so many tax preparation services out there, it can be hard to know which one is best for you. To help you find the right service for your needs, we’ve compiled a list of top five things to look for when hiring a tax preparation professional.

1. Professional. Hire a tax preparation service that strives to provide top-notch professional service to its clients in every way. A qualified tax professional is honest, organized, punctual and presents well to clients, and their colleagues.
2. Reasonably Priced. Discuss fees up front with the tax preparation firm to understand what services they will provide and what the fees will be. Fees will fluctuate based on your needs and the complexity of your personal or business tax circumstances. It’s important to note that accountants may charge more during “tax season” due to the influx of extra work.
3. Fast. Confirm how long it will take to file your taxes or complete other accounting work. Filing your taxes is time-sensitive, and late filing may incur penalties or extra fees.
4. Reliable. Filing your taxes is time and information-sensitive. You should be able to trust your tax filing service to complete filing on time with your best interests reflected in the documents.
5. Honest. A qualified tax professional will be frank with you about your tax situation and any potential problems. Hire a tax preparation service that offers honest evaluations and gives accurate advice.

If you’re looking for tax preparation or small business accounting services in Kitchener, Waterloo, Cambridge and the surrounding areas, contact Prudent Tax.

Prudent Tax Services provides a variety of tax services to support personal and corporate clients. Prudent Tax Services also provides year-end accounting and bookkeeping services for owner operated businesses and rental properties. They also assist clients who missed previous year’s tax preparation and who are filing late.

For more information, please visit www.prudenttax.ca.