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March 10, 2024
Question

Switching from accountant to turbo tax

  • March 10, 2024
  • 1 reply
  • 0 views

Hi...my accountant is doing our 2022 returns...this will cost us approximately 1500 dollars.....to save money for 2023 year end we want to switch to.turbo tax....my wife runs a hairstylist shop...just her..plus gets cpp and oas....we babysit our grandson and charge 3000 per year.....I only have cpp and oas.....are these returns that turbo tax can handle?

    1 reply

    TurboTaxSusan
    March 10, 2024

    Yes, though if your wife's business is incorporated, then she will have to do 2 returns, one T1 for her personal income tax and one T2 for her business. The T2 would need to be done using TurboTax Business Inc instead of the normal TurboTax.