Should you use Free tax clinic Services

Finance

Should you use free tax clinic services:

Using a free tax clinic can be a great option for many individuals who have simple tax situations and who may not have the knowledge or resources to complete their own tax returns. Free tax clinics are often run by volunteers, such as community organizations, charities, or accounting firms, and can offer assistance with basic tax returns, such as filing a T1 General return.

However, whether or not you should use a free tax clinic depends on your individual circumstances. If you have a more complex tax situation, such as self-employment income, investment income, or significant deductions, it may be best to hire a professional accountant or tax preparer to help you with your taxes. Additionally, if you feel comfortable completing your own tax return using tax software, this may be a more cost-effective option than using a tax clinic.

It’s important to note that while free tax clinics can be a great resource, they can also be quite busy, particularly during tax season. You may need to make an appointment in advance and be prepared to wait in line. Additionally, it’s important to ensure that the free tax clinic you use is reputable and trustworthy, as you will be sharing personal financial information with them.

Ultimately, the decision to use a free tax clinic depends on your individual circumstances and comfort level with preparing your own taxes. It’s always a good idea to consider all of your options and speak with a financial advisor or accountant if you have any questions or concerns about your taxes.

Our experience: We have individuals come to us whith evaluations for past years and almost 87% of our internal data from past shows that there were re-filing done as taxes prepared were by new accountsnts and they had missed to apply for atleast 2 benifits for an tax filer, and if we talk about a refund value the tak filer had a hole in their pocket ranging lowest CAD$293 to Highest till date is CAD$27487 and lost in between.

  1. Please leave a comment if you found it useful
  2. For all you real estate needs do contact me at www.shackcube.com or call 416-826-5859
  3. Forr all your accounting needs visit us at tax4less.ca or call 647-825-4243

Tags :

Finance

Share This :