How to Be a Tax Prepare

When tax season comes around you may find yourself stressed by the idea of having to manage your taxes and all that tax preparation entails. Particularly if you are self-employed or a Sole Proprietor.

But don’t worry West Midlands Accountants LTD is highly experienced and proficient with all of the Canadian tax rules and all of its nuances. We will help you and your family gets all of the tax credits that you deserve. And we don’t just know small businesses, we know families! We understand all of the tax issues surrounding children and dependents, students and loans, caregivers, RRSP’s, medical expenses, pensions and investments, employer deductions, foreign income, rental income...

Above list is endless but we can help!!We are also HM Revenue and Customs registered and authorized Net-Filers so we can process your tax returns efficiently on line! This includes previous years and if you are just not sure about another years filed taxes – let us review and we can prepare an adjustment if necessary! So how much does it cost? For most straightforward tax returns, such as a few T-slips and deductions our fee including net-filing will be no more than $50. 

West Midlands Accountants LTD can provide a special rate for the whole family and we offer a discount for low income earners and pensioners! For self-employed individuals, accurate bookkeeping is essential and if we are already doing your bookkeeping then the tax filing service cost would be the same! If you usually just wait until tax time to do the bookkeeping, then our normal rates would apply to the preparation, but the tax filing or regular mailing fee would be the same.

Contact West Midlands Accountants Services at 01217 665 477 or email us at info@westmidlandaccountants.co.uk

Read More

Types of Accounting Services Providers

All accountants are not created equal. This guide explains the basic types of accounting professionals so that you’ll be in a stronger position to choose a person or company for this vital role in your business. As a general guide ensures that the professional that you select is a member in good standing with a relevant professional body.

                       


Bookkeeping Services

Bookkeeping is defined by Wikipedia as the process of recording financial transactions. To this end bookkeepers are not really accountants but do play an important role in the process. Generally an accountant’s hourly rate will be higher than that of a bookkeeper so utilizing a bookkeeper for the daily recording and assembling of financial information can be quite cost effective.

Tax Agents
Tax agents provide accounting services that are predominately focused on tax issues. At the lower end, companies like West Midlands Accountants LTD can provide cost effective service to complete tax returns for simple situations.

CPAA Certified Practicing Accountant or Certified Public Accountant is a qualified and experienced professional that belongs to a recognized body. CPAs are required to maintain continuing training and development and to adhere to guidelines and standards to ensure that they offer the best possible service to their customers.

Chartered Accountant (CA)
A Chartered Accountant is also an experienced and qualified professional. The difference between a CPA and a CA is the recognized body that they belong to. Although there may be some differences to CPAs, essentially they are also held to high standards. The key when selecting an accounting service is to match the experience and expertise of the accounting provider to the needs of your business. For example if you have a small business then the expertise and approach of a top 5 accounting firm, whilst being excellent, may not be ideally suited to your needs.



West Midlands Accountants Panel of accountants offers a wide range of services whether you're a small business, partnership, sole trader or a limited company. Our panel of accountants offer Services are; Business start ups Services, Taxation advice Services, Online Bookkeeping Services, VATAnnual returns, Payroll Services, Sage accounting, Personal taxation, Self assessment and more

Read More