Diana says...
It depends. If you have a passion for numbers and know all the tax rules and how to file, go for it. But if you’re like most people I know, spending time on accounting isn’t high on your priority list. A good accountant can save you money and offset the cost of the fee they charge. Look for one the same way you would a financial advisor: Ask friends or colleagues for recommendations. Then comparison shop. I switched from a big-name, high-tower firm to a neighbourhood accountant and saved a lot in fees.

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.