How to get better results with your Tax Accountant?

Great! Tax season is over and my mind is much more relaxed to think of other things and write.

It is important for professionals to have a strong team supporting them with their medical, health, tax, business and mentoring needs. Stronger team, stronger results!

It also requires give and take to build and maintain a strong relationship.

I have had the distinct pleasure of working with some fabulous professionals and professional business owners in the last 6 years since I commenced offering accounting and tax services to the public.

Recently I thought of those tax clients I had better results with.

So here is my take on a few strategies to get better results with your Tax Accountant?

1. Always provide your new Tax Accountant with the previous year’s Notice of Assessment, Reassessment and Tax Return so he or she has a better picture of what your tax picture looks like.

2. Provide complete and accurate information to your Tax Accountant on a timely basis for better results.

3. Do tax planning with your Accountant early in the year to determine tax strategies for implementation before December 31st of the year.

4. Appoint your Tax Accountant as Authorized Representative with the Canada Revenue Agency so he or she can access your tax account online and communicate with the CRA, etc.

5. Inform your Tax Accountant annually of any life changing events that may or may not affect your tax situation.

6. Connect your Tax Accountant with your Banker, Financial Advisor or Investment Advisor, etc. and encourage them to collaborate to achieve better results for you.

7. Take ownership of your tax return. Review it in detail and ask your Tax Accountant any clarifying questions before filing.

 This list could be much longer but I know professionals are usually busy people!

Great! Tax season is over and my mind is much more relaxed to think of other things and write.

It is important for professionals to have a strong team supporting them with their medical, health, tax, business and mentoring needs. Stronger team, stronger results!

It also requires give and take to build and maintain a strong relationship.

I have had the distinct pleasure of working with some fabulous professionals and professional business owners in the last 6 years since I commenced offering accounting and tax services to the public.

Recently I thought of those tax clients I had better results with.

So here is my take on a few strategies to get better results with your Tax Accountant?

1. Always provide your new Tax Accountant with the previous year’s Notice of Assessment, Reassessment and Tax Return so he or she has a better picture of what your tax picture looks like.

2. Provide complete and accurate information to your Tax Accountant on a timely basis for better results.

3. Do tax planning with your Accountant early in the year to determine tax strategies for implementation before December 31st of the year.

4. Appoint your Tax Accountant as Authorized Representative with the Canada Revenue Agency so he or she can access your tax account online and communicate with the CRA, etc.

5. Inform your Tax Accountant annually of any life changing events that may or may not affect your tax situation.

6. Connect your Tax Accountant with your Banker, Financial Advisor or Investment Advisor, etc. and encourage them to collaborate to achieve better results for you.

7. Take ownership of your tax return. Review it in detail and ask your Tax Accountant any clarifying questions before filing.

 This list could be much longer but I know professionals are usually busy people!