Corporate Tax Software and Corporation Internet Filing

[punter]

Hi,

I've been getting my Corporate taxes done by a CA who charges about $1400, for the last 10 years, but want to save some money on my next returns.

Has anyone used any of the CRA-certified software to do both federal and provincial taxes listed here: http://www.cra-arc.gc.ca/esrvc-srvce/tx/bsnss/crpnt/sftwr-eng.html ?

 

[ig-88]

Isn't LancsLad an accountant?

 

[punter]

Does $1,400 include statement prep? How many corporations?

I've used Quicktax Inc (along with Quickbooks). Really easy, step by step instructions.

$1,400 includes the T2 and CT23 for one corporation. I'm a computer programming contractor, so it's pretty straightforward for him, I'd imagine.

Does Quicktax do the CT23 as well as the T2?

 

[punter]

Yes.

Holy sh!t, you're getting hosed. If it's a straightforward business (no inventory; just revenue and office expenses), you should be able to do it yourself. An accountant should be able to do it for a few hundred if the statements are already prepared.

Let me know if you want some names/numbers.

When you say 'statements', what do you mean?

I do all my own bookeeping: I just give him my expenses, salary at the end of my fiscal year and he preperes the two returns, also the T4 summary.

What do you think is a reasonable price for that?

 

[punter]

Thanks, Sukdeep, I'm gonna get QuickTax and do it myself.

 

[m91us]

If you thought $1400 was pricey you haven't seen much. I know a CGA billing a client $2500 for one corporate tax return. The CGA was pretty much providing a lot of individual attention to this client. In the end, the client thought he was receiving good value for his money.

 

[K Douglas]

When you say 'statements', what do you mean?

I do all my own bookeeping: I just give him my expenses, salary at the end of my fiscal year and he preperes the two returns, also the T4 summary.

What do you think is a reasonable price for that?

$1,400 is around the standard price for that level of service if he's preparing financial statements and some adjusting entries.