5 Benefits of Using a Personal Tax Accountant

Author: Michael Keltz | | Categories: Accounting , Bookkeeping , Chartered Accountant


Tax season can be a stressful time for many people, especially if you are not familiar with the tax laws and regulations. It can be difficult to know what forms to fill out, what deductions to claim, and what expenses to track. That is where a personal tax accountant comes in. In this blog post, we will discuss the top 5 benefits of using a personal tax accountant for your tax preparation needs.


1. Saves You Time and Money

Hiring a personal tax accountant can save you time and money in the long run. Tax laws and regulations can be complex and constantly changing, which can make it time-consuming to keep up with the latest changes. A personal tax accountant has the expertise to navigate these complexities and can help you maximize your deductions and credits, which can save you money on your tax bill.

2. Provides Expert Advice

Personal tax accountants have the experience and knowledge to provide expert advice on tax planning strategies. They can help you plan for the future by providing guidance on retirement planning, estate planning, and more. They can also advise you on ways to reduce your tax liability, such as contributing to a Registered Retirement Savings Plan (RRSP) or claiming eligible tax credits.

3. Reduces the Risk of Errors

Tax laws and regulations are complex, and it can be easy to make mistakes when preparing your taxes. These errors can result in penalties and interest charges from the Canada Revenue Agency (CRA). By hiring a personal tax accountant, you can reduce the risk of errors and ensure that your taxes are filed correctly and on time.

4. Provides Peace of Mind

Hiring a personal tax accountant can provide peace of mind during tax season. You can rest assured that your taxes are being prepared correctly and that you are taking advantage of all eligible tax deductions and credits. Additionally, if you are ever audited by the CRA, your personal tax accountant can provide support and guidance throughout the process.

5. Builds a Long-Term Relationship

By hiring a personal tax accountant, you can build a long-term relationship with someone who understands your unique financial situation. They can provide ongoing support and advice throughout the year, not just during tax season. This can help you make informed financial decisions and plan for the future.


Hiring a personal tax accountant can provide numerous benefits, including saving you time and money, providing expert advice, reducing the risk of errors, providing peace of mind, and building a long-term relationship. 

If you are in need of tax preparation services, consider reaching out to Michael H. Keltz, Chartered Professional Accountant, a CPA firm in Toronto, Ontario that specializes in accounting, assurance, tax preparation/returns, financial advisory, and more. Our team of professional staff is dedicated to providing outstanding accounting and tax solutions and building long-term relationships with our clients. To get in touch with us, please click here or call us at (416) 482-4183

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