DIFFERENCES BETWEEN TAX LAWYERS AND ACCOUNTANTS
CATEGORY | TAX LAWYERS | ACCOUNTANTS |
---|---|---|
GENERAL TAX PLANNING | ✓ | TAX ACCOUNTANTS ONLY |
GENERAL TAX PLANNING IMPLEMENTATION | ✓ | x |
TAX REORGANIZATIONS - PLANNING | YES | TAX ACCOUNTANTS ONLY |
TAX REORGANIZATIONS - IMPLEMENTATION | YES | NO |
TAX REORGANIZATIONS - FORMS | x | ✓ |
ESTATE PLANNING | ✓ | ✓ |
WILL DRAFTING | ✓ | x |
ESTATE RETURN PREPARATION | x | ✓ |
TAX RETURN PREPARATION | x | ✓ |
FINANCIAL STATEMENT PREPARATION | x | ✓ |
TAX AUDITS | ✓ | ✓ |
TAX APPEALS - NOTICES OF OBJECTION | ✓ | ✓ |
TAX APPEALS - TAX COURT | ✓ | x |
NEGOTIATIONS WITH CRA COLLECTIONS OFFICERS | ✓ | ✓ |
TAXPAYER RELIEF (FAIRNESS) APPLICATIONS | ✓ | TAX ACCOUNTANTS ONLY |
VOLUNTARY DISCLOSURE (TAX AMNESTY APPLICATION) | ✓ | SOME ACCOUNTANTS WILL SUBMIT, BUT NO PRIVILEGE IF THEY DO |
BUSINESS PLANS | x | ✓ |
LOAN APPLICATIONS | x | ✓ |
BUY VS LEASE CALCULATIONS | x | ✓ |
FAMILY TRUST DEED PREPARATION | ✓ | x |
TRUST T3 TAX RETURNS | x | ✓ |
TAX RESEARCH | ✓ | TAX ACCOUNTANTS ONLY |
TAX OPINION LETTERS | ✓ | TAX ACCOUNTANTS ONLY |
TAX OPINIONS FOR OFFERING MEMORANDUM OR PROSPECTUS | ✓ | x |
CALCULATION OF POTENTIAL TAX LIABILITY | x | ✓ |