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Originally Posted by OldDutch
Plus accountant fees are a write off, so you can knock the corp tax/GST off as savings. So really it costs much less than even $1000.
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This assumes he has income to shelter.
Quote:
Originally Posted by To Be Quite Honest
Poor example. Building a garage is waaaaaaay easier than learning tax law. That book is thick!
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They're accountants, not tax lawyers. Although the CICA manual is reasonably beefy and dense to boot.
In any case the downside of building your own garage is a shoddy garage. The downside of doing a complicated corporate return wrong is penalties and interest. Which will come to much more than $1500 in all likelihood.
Quote:
Originally Posted by Winsor_Pilates
I have my business taxes done for only about $400-$500 a year.
If you're getting $1500 quotes for a very little business try shopping around a bit.
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This is the thing - if his situation is complex enough that this will legitimately cost him $1500, he REALLY needs the accountant. What on earth is the issue?