Industry tax experts generally classify tax services within two broad categories. One of which being tax compliance and the other tax planning. We have provided a brief description of each in the following sections.
As its name implies, compliance services within the field of taxation is defined as assisting clients in complying with current tax legislation. For accountants and tax preparers, this generally means preparing and filing tax returns on behalf of their clients. The Income Tax Act as well as Quebec’s own tax legislation define taxpayers rather boardly. If you wish to know more about who is considered a taxpayer, we wrote the following short article on the subject [A taxpayer as defined by the ITA].
Keep in mind that preparing your own income tax return can be a task that leaves you with more questions than answers. Whether we like it or not, today’s tax laws are so complicated that filing a relatively simple return can be confusing. It is just too easy to overlook deductions and credits to which you are entitled. Even if you use a computer software program there’s no substitute for the assistance of an experienced tax professional.
Planning is the key to successfully and legally reducing your tax liability. We go beyond tax compliance and proactively recommend tax saving strategies to maximize your after-tax income.
We make it a priority to enhance our mastery of the current tax law, complex tax code, and new tax regulations by attending frequent tax seminars.
Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year.