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If you have ever struggled through tax preparation the old-fashioned way, with pencil and paper, the appeal of tax preparation software should be obvious. No thinking back on that Grade Five math as calculations are done automatically and most programs prompt you on less obvious aspects of your tax filing. One new application even gets you started by taking a picture of your T-4 with your smartphone. But even as tax software becomes more powerful and easy to use each year, the question remains: Are there times when you should call in a professional? Those who should consider spending a few hundred bucks to get a professional to prepare a return include those who run their own business, have rental properties or foreign sources of income such as offshore investments. 'People who have self-employment income, commission income, rental income, investment income, I think those people do need accountants,' said Mark Goodfield, a chartered accountant with Toronto's Cunningham LLP and author of. Software makes the filing process easier but does not protect users with complicated finances from making mistakes, he said.

'If it is 'garbage in, garbage out,' you are missing it. The advantage of having an accountant is that they understand what you are putting in and what you can claim and what you are missing. Omega Seamaster Serial Number Date. 'The problem I find with people who do use the software is it is not going to be technically wrong, but it is not necessarily going to give you the best result.' Goodfield often encounters clients who used tax software and produced less than stellar results. 'Rental income is a huge issue.