Do I need to register my tax preparation business if I am not providing accounting services to the public as defined in CPA Ontario's By-law?
If I only prepare Tax returns (mostly T1s) and do not perform any reviews, audits or compilation engagements, do I need to register my tax business with CPA Ontario? I may compile the odd financial statement but it doesn’t go anywhere, other than the taxpayer and possibly CRA.
The website says that the mechanical processing of tax returns is not considered “providing accounting services to the public”.
Any insight would be appreciated.