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Subject: Re: more covid-related restrictions Date: Tue Jan 26 2021 06:06 am
From: Charles Pierson To: August Abolins

On 25 Jan 2021, August Abolins said the following...
 AA>  AA>> If you're just managing the tax filing on your own right
 AA>  AA>> now, it may be worth getting someone to do the next one

 AA>  SH>   I only do the GST part on my own and this year not even
 AA>  SH>   that.  I have a really good accountant who knows all the
 AA>  SH>   regulations.

 AA> Unless your accountant is just a bookkeeper, the accountant part  
 AA> of the process should be able to advise you where you can make
 AA> adjustments for improvement.

 AA> Look who's talking. My last accountant was a CPA but she did not  
 AA> offer any practical advise at all.  She missed an entire expense   category
 AA> - that I provided data for - for the last 6 years that  
 AA> amounted to about $10K.  I assumed her work was accurate. I only  
 AA> found out about her mistake a few months before she announced  
 AA> that she was retiring.  As a result, my reported income was much  
 AA> higher than it needed to be, and I ended paying unncessary  
 AA> taxes. I had to borrow to cover it!

I have always done my own taxes.  My first wife had a cousin that was an
accountant/book keeper who did most of their families taxes. She was slightly
miffed that I did both my own taxes and those for the business that I was
part owner and sole employee of.  So one year I ley her figure my taxrs and I
did as well.  She had me owing around $250, plus her fee, I had that I had
overpayed by $1500.  So who should do my taxes?

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