There has been a lot of buzz at this time of year regarding
getting your taxes filed on time. Should I try to do it myself? Should a buy a
do-it-yourself tax program? Should I hire someone to do it for me?

Someone recently asked me where they could get the forms to
do their return. I had to think for a moment about that as I know that is
possible but the government in their goal to reduce paper burden has tried to
print less paper. Of course, you can get the forms at the post office (I
noticed a stack of them the last time I went there to change an address). I
have to admit that even I would have difficulty doing a tax return manually.
The opportunity to make errors between the interrelated forms is huge. If you
think you need to look at forms for explanations then do it on the CRA website.
Otherwise I would move to the next method.

There are lots of tax programs out there to help you do your
own taxes. They are reviewed regularly and are sometimes referred to as “home”
or “do it yourself” programs. The level of sophistication of these programs has
increased over the years but there are sometimes limitations. If you have a
difficult situation then the program you have chosen might not handle it
correctly. Add to this the fact that you need to understand how to actually use
the program (and admittedly some are pretty easy) and you now have learning
time that might be better spent enjoying your favourite pastime.

Finally, you could just throw your hands up and turn it over
to someone who does this on a regular basis. This is again a decision that
should be based on the expertise of the person or organization you are
entrusting this job to and the complexity of your situation. Look at the
organization you might choose for their knowledge and resources to handle your
situation. At Padgett, we have been in the business of helping people with
their taxes for over 40 years and we devote the resources to keeping up with tax
knowledge necessary to provide you with the peace of mind that your taxes are
done correctly.

Come and see us – even if it is after April 30.

Let Us Know Your Thoughts