Filing taxes with side income - accountant needed?
For the past few years, I've been filing my taxes online with uFile and have not had any problems. My tax return has always been quite simple - full-time income with RSP deductions, which resulted in a nice refund .
This year is quite a bit different though. In addition to my full-time employment:
- I'm a photographer in my spare time, and I have received about $2000 from selling photos and shooting events in 2013
- I have about $2600 (camera) + $2700 (computer) + $200 (frames/prints/incidentals) = $5500 camera-related expenses incurred in 2013
- I own a condo and use a section of it as my home office, where I work on my photography (I understand I can claim this as an expense)
- I have begun contributing to my office's RSP plan, so my contributions have come directly off my paycheques
My question is, do you think I could handle this more complex tax return on my own through uFile? Is uFile suitable for my situation? Or should I suck it up and hire an accountant this year?
Thanks for your help,
This year is quite a bit different though. In addition to my full-time employment:
- I'm a photographer in my spare time, and I have received about $2000 from selling photos and shooting events in 2013
- I have about $2600 (camera) + $2700 (computer) + $200 (frames/prints/incidentals) = $5500 camera-related expenses incurred in 2013
- I own a condo and use a section of it as my home office, where I work on my photography (I understand I can claim this as an expense)
- I have begun contributing to my office's RSP plan, so my contributions have come directly off my paycheques
My question is, do you think I could handle this more complex tax return on my own through uFile? Is uFile suitable for my situation? Or should I suck it up and hire an accountant this year?
Thanks for your help,