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How Online Tax Filing Works

Like most other activities this year, we can expect that the 2021 tax season will be managed mostly online. Many individuals and business owners are looking for Chartered Professional Accountants in Edmonton that offer easy online tax filing.

Schwan & Associates CPA has been helping clients file their taxes from the comfort of their homes for years. However, this year we have made our process even more streamlined so that anyone can easily take advantage of our easy online tax filing services in Edmonton.

But what does online tax filing look like? How can you translate all those pieces of physical paper into online data that’s easy to send? Let’s look at a few of the benefits of filing with our team and a basic outline of the process.

Filing Your Taxes Online Yourself vs. with a Chartered Professional Accountant

There’s a big difference between filing your taxes online on your own and filing your taxes online with the professional guidance of a CPA in Edmonton.

There is free online tax filing software that’s available to help you file personal or corporate taxes on your own. However, using free online tax filing software that you’re unfamiliar with can be confusing and frustrating. Many people also leave money on the table in the form of unclaimed deductions and tax credits that they didn’t know they were eligible for.

People and business owners without a strong understanding of tax filing or with complex returns often prefer to use the services of a CPA for tax filing.

Returns may be complex if:
– You are eligible for multiple deductions and tax credits,
– You have multiple businesses, corporations, or income sources,
– You have expenses that can be rolled forward, such as tuition or capital cost expenses, or;
– You are self-employed.

In fact, almost any filing can be complex. Canadian tax processes have become more and more complicated over time, with multiple rules, exemptions, and benefits that many Canadians don’t even know exist. This leaves many people worried about missed opportunities as well as compliance. Additionally, working with a professional accountant this year can help you optimize your return for next year, starting now.

The Process for Online Personal and Corporate Tax Filing

Filing your taxes online with Schwan & Associates CPA is a simple process whether you need to file corporate or personal taxes, or both. First, you can visit our online tax packages page and select the package that fits your needs. Within moments, you’ll receive a proposal outlining the fees for your filing and an engagement letter that can be signed online using Adobe.

Once the engagement letter is submitted, you’ll receive a questionnaire that outlines all of the information you need to provide for us to optimize your return. Karbon, our simple online tool, helps you to easily submit all of your documents electronically. New customers will also need to sign a consent form for the CRA so that we can file on your behalf.

From here, our experienced accountants will work out the best possible outcome for your tax return. Once we’ve sent you your prepared return, we’ll reach out to discuss the specifics and answer any questions before officially filing the return on your behalf.

The advantages of the process are clear: You can file your taxes without leaving your house, spend less time overall, and get clear and straightforward guidance from accountants who know tax regulations and strategies inside and out.

Get Your Taxes Filed Professionally from the Comfort of Your Home

If you’d like to learn more about our online tax filing process or start your return now, head to our online tax filing page to get started right away. We look forward to helping you get a financial head-start in 2021!

Jeff Schwan

Jeff established Schwan & Associates CPA to bring unique “cloud-based” accounting services to small and medium-sized Edmonton businesses. Inspired by the quality time spent with his family, Jeff’s goal is to put more time back in the hands of the busy entrepreneurs who strengthen Edmonton’s business community. With 10+ years of experience in diverse management roles, Jeff has acquired a strong set of leadership and mentoring skills. He is, and always has been, an educator at heart. He knows the value of spreading knowledge, investing in people, and continually learning.

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