Do Accountants Save You Money at Tax Time?

Accountants can save you money and stress when preparing and filing your taxes. You may seem a bit hesitant when you hear that at first. How can a service that you pay for save you money?

The answer lies in the incentives, savings, and knowledge that they bring to the table.

Finding Applicable Tax Incentives and Deductions

In Cloverdale and Surrey, accountants can significantly reduce your tax liability by leveraging applicable tax incentives you may be unaware of.

For example, if you've recently purchased your first home, they can assist with filing the First-Time Home Buyer's Tax Credit, which is a tax credit of up to $1,500, providing some immediate tax relief.

Accountants can also help you save money now and in the future through utilizing tax savings accounts. Putting your money in an RRSP comes with a helpful tax credit that will lower your taxable income.

Another example of how accountants can help individuals in Surrey or Cloverdale with children is through the Canada Child Benefit (CCB), a tax-free monthly payment made to eligible families to help with the cost of raising children under 18 years of age.

These incentives and tax credits are just a few examples of how an accountant can help with your taxes. No matter what your situation is, accountants are skilled at identifying tax-saving opportunities.

If you are having issues filing your personal or business taxes, working with an accountant will simplify the process and help you save more of your money.

Located in Surrey (Cloverdale), British Columbia, since 1971, HWG, Chartered Professional Accountants proudly helps clients throughout the Lower Mainland and across Canada.

Our team of chartered professional accountants provides helpful business and personal tax services. Our continued growth proves the success of our client relationships.