For better or for worse, it’s that time of year again. If you run a small business, one of the questions that you to answer is to determine who will be preparing your income tax return. This is true of simpler returns, like sole proprietorships, or more complex returns, like registered corporations.

If you have a home-based business with very little in terms of complexities, it may be easy enough to complete the tax return on your own. There is software out there, like Ufile Standard Edition that can easily handle self-employment income. Don’t be fooled into buying the “Plus” version of the software, because the Standard Edition can do self-employment income.

For more complex returns where you have to file your corporate taxes as well as a personal income tax return, it is probably in your best interest to hire a certified tax professional. There are many more intricacies and details that come into play with this kind of configuration. Even if you have a sole proprietorship, it may still be worthwhile to hire an accountant. There is an added cost, of course, but for many people, it’s worth it.

What about you? Who prepares your income tax return?