Many of us are not aware of the importance of a tax accountant. It’s not obligatory that we should excel in every field. What we are not good at, we should leave that to the professionals. We all know how important it is to file the taxes on time, but to ease our job, a tax accountant will be the best person to hire.
Here, are few signals that will explain why you should hire a tax accountant.
1. Your earning per year is more than $200 k
Are our earning more than $200 k? If yes, then your chances of being audited rise significantly. For this reason, hiring a professional tax accountant will ease you of the hassle of calculation that is not your forte. Tax accountants will be the one who would take the call from IRS on your behalf.
2. If you own a material foreign source of income
Do you own foreign ETFs or mutual funds? If yes, then this the right time to hire a professional tax accountant, or, you’ll be at the struggling at the time of filing the taxes correctly.
3. If you’re anticipating in a big capital tax gain
In order to tax the gains for the long run, an accountant will be able to plan according and help you find alternative ways to minimize the taxes.
4. If you’re considering to sell some of your real estates
In such a case, an accountant will be able to minimize the taxes on the gain you earn after renting or selling the property.
To hire a professional accountant in Edmonton contact Profac at http://profac.ca/contact-us