Income Tax Return preparation service (remote)
NOTE:
Please note, you will get exactly the same result at the end of any income tax return preparation process. However, there are different ways of reaching this result. Here we explain how to get your professionally made income tax return at discounted price.
Please note, since 2016 this option is available for our existing clients only.
QUICK SUMMARY:
This is most cost effective way of doing your taxes as it is often less expensive then preparing your taxes by yourself especially if you are buying any tax calculation software. Professional advice could save you more money at the end.
Here is a list of steps that you should do:
- Prepare all your income tax documents
- Convert these documents into electronic format
- Submit your documents to us
- Make a payment according to your tax payer’s category
Then tax specialist does his part of the work.
- Review your source documents and either go ahead with what we get or ask you for an additional information/documents
- Prepare your income tax return
- Send income tax return results back to you electronically.
The final steps we should do together
- review your income tax return results over the phone or via Skype.
If everyone is satisfied with the result, the tax specialist will submit your income tax return file electronically to CRA. If you are eligible for refund – you will get it within 5-7 business days on your bank account, or withing 10-14 business days by cheque. If you have to pay your taxes you should do it before April 30th.
We are gradually migrating to a remote income tax preparation method. The main idea behind this migration is to:
- reduce your tax preparation cost
- eliminate all your waiting and travel time
- extend our business hours
- increase productivity.
At the same time our primary goal remains the same as we maintain the same excellent level of service and protect our clients from any loses of revenue.
The outcome from the remote income tax preparation process is exactly the same as it could be from the regular method - you will get your income tax return as fast as possible. However, the income tax preparation process is different.
You should be very familiar with the ordinary income tax preparation process, so let us explain what is different in the remote income tax preparation process by comparing these two approaches.
| Step #1 Regular method |
| You should collect all your source documents for the income tax preparation. Duration: 1- 60 days |
| Remote method |
| We are not involved in this step, which means you do not have any benefits from the remote method in regards to collection of source documents . Duration: 1- 60 days |
| Step #2 Regular method |
| Go to an Income Tax preparation office and bring all these documents with you. Duration: 20 - 40 minutes |
| Remote method |
| Submit your documents electronically to FreeTaxForLife.com (please see detailed instruction below) Duration: 5 minutes |
| Step #3 Regular method |
| Wait in a queue line or book an appointment and be in the office or in a mall right on time, otherwise somebody else will take your time slot. Duration: 30 - 40 minutes |
| Remote method |
| Not applicable so you do not have to wait Duration: 0 minutes |
| Step #4 Regular method |
|
Documents readiness check up process. |
| Remote method |
| Documents readiness check up process. Duration: 0 minutes |
| Step #5 Regular method |
| If some documents are missing you have to go back to the step #2 and repeat steps 3 trough 4 Duration: 80-90 minutes |
| Remote method |
| If some documents are missing you can submit them later when you will have time. Duration: 5 minutes |
| Step #6 Regular method |
| Preparing your income tax return Duration: 30 minutes |
| Remote method |
| Preparing your income tax return. Duration: 0 minutes |
| Step #7 Regular method |
| Review your income tax return results in person in a tax office. Decide what could be done due to increase your returns. Duration: 20 minutes |
| Remote method |
| Review your income tax return results in person in a tax office. Decide what could be done due to increase your returns. Duration: 20 minutes |
| Step #8 Regular method |
| Travel back home from a tax office. Duration: 20-40 minutes |
| Remote method |
| Not applicable Duration: 0 minutes |
Our estimation shows that a typical client saves 2-3 hours of their personal time and saves 30% of tax preparation cost by switching to the new (remote) income tax preparation method. Now it is absolutely clear that doing your income tax return with us is cheaper than doing it by yourself if you were to buy a tax calculation software. Please note that all your initial documents and final results go through a review process conducted by a highly educated and very experienced tax preparation professional. This policy protects you from any mistakes that you might have made and also maximizes your tax return amount.
As you can see now, the general flow of an income tax preparation process remains the same, but some steps and actions have been eliminated. Also, there is a new step that you should be aware of. This new step is “Submit your documents electronically”.
Once again, this is not an online tax preparation system. All online (automated) tax return preparation systems calculate your input data correctly, but non of these automated systems care about correctness/completion of your source data.
In our case all your data will be processed by a highly educated and very experienced specialist. We use the Internet for document transmission only. We DO NOT upload any information about you or your income tax return results on-line (to our servers, or to third party servers, cloud storage etc.)
YOUR FEEDBACK IS WELCOME:
Our goal is to make this income tax return preparation process as easy for you as possible. If you have any questions, difficulties to understand, special cases please drop us a line and we will get back to you within 1 business day.
