A Five-Point Checklist To Keep In Mind When Hiring A Tax Accountant

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Many taxpayers use tax software as a cost-effective way to file their tax returns. However, when your tax situation gets too complicated or confusing to process, it is time to outsource your work to an expert.

After reviewing your financial records, a tax accountant will recommend suitable tax strategies that comply with the law and promote financial well-being. Moreover, they steer you in the right direction and ensure your data is accurately filed before your tax returns are due.

To help you find a qualified tax professional who can maintain confidentiality, here’s a five-point checklist to keep in mind when hiring a tax accountant.

1. Ethics.

Your tax accountant plays a crucial role in assisting you with all your tax obligations, so they must be able to adhere to the strict ethical principles. Think twice before hiring someone who is not familiar with the practice standards and professional code of conduct.

2. Expertise.

Besides a degree in accounting, your tax preparer should have on-the-job experience. Those with proven work experience will have the knowledge to deal with unexpected problems, especially if you face an audit.

3. Professionalism.

Hire a tax preparer who is professional, understands your needs, can communicate clearly, is responsive and is prepared to overcome challenges. The best way to confirm whether the person you’re hiring is professional is by seeking references or reading their reviews online.

4. Accountability.

You want to entrust your financial information with the right professional and be confident that they will fulfill your expectations. Tax issues are often time-sensitive and require someone responsible and reliable to address them.   

5. Assertiveness.

A trait seen in many successful accountants is assertiveness. Look for an accountant who can communicate what they do and how they plan on meeting your goals. You can also rest assured that they will represent you well in case of an audit.

For a full-service accounting and taxation firm in Toronto, Weston, and the surrounding areas, reach out to Can-Am Tax Accounting Services. We have been providing small businesses and individuals with professional accounting and taxation services for more than four decades. Our premium and timely services can be tailored to meet your unique financial goals.

To learn more about the services we provide, please click here. If you have any questions, we would love to hear from you. To get in touch with us, please click here.

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