No one looks forward to filing their taxes, but for many people in Toronto, it’s a necessary evil.
Whether you’re an individual or a business owner, it is critical to have a qualified professional helping you with your taxes.
However, with so many accountants to choose from, it can be tough to know who the best one is for you.
That is why we’ve put together this list of five tips to help you find the best personal tax accountants in Toronto.
So, without further ado, let’s begin!
1. Check the Tax Accountant’s Credentials
When it comes to finding a personal tax accountant, you want to make sure that they’re qualified to do the job.
The best and most trusted way to do this is by checking their credentials. The Canadian Institute of Chartered Accountants (CICA) is the main organization for accounting professionals in Canada.
To be a member, accountants must have completed a university degree in accounting, as well as pass a series of exams.
You can easily check an accountant’s credentials by searching for their name on the CICA website and thus, ensure that they’re qualified to do your taxes.
2. Consider the Tax Accountant’s Experience
In addition to credentials, you’ll also want to consider an accountant’s experience. While someone who is newly certified can still do a great job, someone with years of experience is likely to have a better understanding of the tax landscape and how to minimize your taxes.
You can ask an accountant about their experience during your initial consultation. If they’re a good fit, they should be able to provide you with some examples of clients they’ve helped in the past and what kind of results they were able to achieve.
3. Ask for Referrals
If you are still not sure who to choose, one of the best ways to find a personal tax accountant is by asking for referrals from friends, family, or other business owners.
Chances are, someone you know has used the services of a personal tax accountant before and can give you their thoughts on who they used and whether or not they would recommend them.
4. Read Online Reviews
Another great way to vet personal tax accountants is by reading online reviews.
This can be done by searching for an accountant’s name on Google and then scrolling through the results to see what others have said about them.
Look for both positive and negative reviews to get a well-rounded picture of what an accountant is really like.
And, if you see any red flags, it’s probably best to steer clear and find someone else.
5. Set Up a Consultation
Once you’ve narrowed down your options, the next step is to set up a consultation with each of the personal tax accountants you’re considering.
This is your unique opportunity to ask them questions about their experience, services, and fees.
It’s also a good opportunity to get a feel for their personality and see if you would be comfortable working with them.
After all, you’ll be sharing a lot of personal information with your accountant, so it’s important to make sure that you trust them.
Keep Your Finances Organized With an Experienced Accountant
It may be tough to find the best personal tax accountant in Toronto, but by following our tips, you’re sure to find someone who will help you file your taxes efficiently and painlessly.
And, when tax season comes around, you can breathe a sigh of relief knowing that you’re in good hands!
