FAQ - Why Sould My Accountant Prepare My Personal Taxes?

If my accountant does my corporate income taxes should they also prepare my personal income taxes? It's very simple and I can do it myself.

Yes, your accountant should prepare both your personal and corporate income tax return. It gives them the opportunity to view your total income tax situation.

This allows them to create more holistic and complete tax strategies to save you more money over the entire life of your business and into your retirement.

Why should business owners leave their personal taxes to the experts?

What are some benefits of not doing my own personal income taxes as a small business owner?

Small business owners who do their own personal income taxes run the risk of making mistakes, missing out on deductions, and potentially being audited by CRA (Canada Revenue Agency). By hiring a professional tax preparer, you can:

• avoid these risks and have peace of mind that your taxes are being done correctly
• benefit from holistic strategies that can optimize the interrelationship of your corporation with personal income taxes
• ensure you take advantage of family income splitting opportunities

Learn more details about the advantages of having your accountant prepare your personal taxes.