Get a Second Opinion
Every firm is required to follow the accounting standards and maintain a correct account of their financial transactions. You are responsible for duly filing your tax returns without making any mistakes. Although you may have a professional looking after your tax returns, there’s no harm in taking a second opinion when filing them. There are certain benefits of having a second opinion for filing your returns.
Any mistake in filing your tax returns can result in paying more taxes or attracting penalty rates from the Canada Revenue Agency (CRA). Therefore, you end up paying more than what you are supposed to. At times, the advice from certain firms may not be complete, and so, there’s always a possibility of some costly errors. Such errors are not limited to filing tax returns alone. Other accounting services such as bookkeeping or conducting financial audits can also be affected if you are not aware of all the standards that need to be followed. Our team goes over your taxes with a fine comb and ensures no such mistakes occur.
Avoids Missing Deductions
If you miss out on certain tax deductions or credits, then you end up paying more taxes than what you are eligible for. Plus, certain deductions cannot be claimed in the future. When you take a second opinion on tax preparation file, you avoid missing deductions. Therefore, you have more finance available with you. At ATS Accounting, we are knowledgeable and are aware of various deductions your business is applicable for.
No Problem with Capital Cost Allowance
Often, we’ve noticed that firms add the one-half year rule adjustment to the capital cost addition but fail to do the same for the second half of the year. Moreover, new capital additions get categorized in the wrong rate classes. As a result, there’s always a problem of capital cost allowance under claim or over claim. Both these errors can cost plenty of dollars for a firm. Hence, it’s important to consult another firm to ensure that such issues are resolved at the earliest.
These are just a few reasons why firms should consider a second opinion before filing the returns with the government. ATS Accounting Inc. is well-versed with all the latest rules and regulations laid down by CRA. Hence, we are certain to provide you with a complete solution when it comes to filing your tax returns without any problems. At the same time, our team of professionals has years of experience in the accounting sector, and so, you can completely rely on us for a smooth filing of your tax returns. Therefore, if you want to make sure there’s no issue once your returns are filed or have any doubts regarding the same, contact us and we will be ready to help you out.
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"I literally handed him a bag of taxes from 3 years and a multi province mess! Staff just smiled and said he will take care of all of it and he went above and beyond to do so! He explained it all to me in normal people (non accountant) English and made it all extremely easy to understand. I was extremely happy with the results and the painless process!." - Jewels Earl