Do you find doing your own taxes intimidating?
You’re not the only one. It has been attributed to Benjamin Franklin: “In this world nothing can be said to be certain, except death and taxes.”
While New Heights Accounting cannot do anything regarding death, we can help out on taxes. It should be noted here, that over the years our individual tax burden has substantially increased and it is very unlikely that this will decrease in the foreseeable future.
What are your tax options?
There are three option that are available.
- avoid paying taxes even if the CRA deems that you should pay taxes;
- pay everything without planning or question; and
- develop a plan to minimize the amount of tax that is going to paid to the government.
The first option has serious consequences to one’s freedom. The government has no sense of “haha” and will send you to jail for a very long time. The second option is also not very good as a person will lose disposable income and suffer from that. The third option is the best.
We believe that a person or company should plan to take advantage of every option available to reduce the amount of taxes that will be paid. We strive to find the best solutions to every clients situation or will make a referral to somebody that can better assist in the financial planning to reduce taxes payable now and into the future.
But when you have to pay taxes we will work for you and assist you in the preparation of your tax returns be it personal or corporate to make it as painless as physically possible.