A tax firm is a company with skilled attorneys who can help those struggling repaying their back taxes and debts to the government. Using their training and years of experienced dealing with previous cases, they can help people get out of debt and stay out of trouble. The government is ruthless when it comes to collecting money, so one must take proper steps to ensure they don’t face their wrath. If you owe back taxes, the Canada Revenue Agency has the right to garnish checking accounts and paychecks without refunds for years to come.
The CRA charges penalties and interest for each day that a return is not submitted. So it is vital to turn in your returns promptly, even if there is no money to pay. Because of the penalties and interest accruing daily, they can quickly grow to a larger and larger amount. It is easy for things to get out of hand before you even realize how big your problem is. Tax issues don't go away. In fact, these problems will only get worse over time and can lead to being charged with a criminal record. Tax problems are not just inflicted on the individual, but if you own a company or a corporation, on the business too. The Canada Revenue Agency sticks to the letter of the law and it is difficult to come to terms with your situation without specialized aid.