Tax-Preparation is complicated
There are strict deadlines for preparing and submitting your tax returns, different filing deadlines depending upon whether you file a paper tax return or online, and multiple key dates for paying tax.
In addition to the main tax return, you need to complete supplementary pages for many other types of income including:
- Partnership income
- Rental income
- Foreign income or gains
- Capital gains
Not only do you need to complete the return correctly, but you also must self-assess. That means calculating your tax liability. And that’s difficult.
Get it wrong and you will have to pay a penalty. And interest. You’ll get a penalty of 5% of the taxes owed, for each month you are late in filing. If your tax return is just 60 days late, that penalty may be 100% of the tax you owe; you’ll have to pay more if it’s later, or if you pay your tax bill late.
Taking away the hassle…
Rather than spending hours figuring out which pages to complete, what to put in the boxes, how to calculate any tax due and meeting the filing deadlines, our Tax Completion service takes that hassle away. Don’t waste time or worry about getting things wrong, we’ll do it all for you.
Completion of your tax return and online filing
As soon as you supply the information, we need we will complete your tax return within a pre-agreed timescale. Wherever possible we will identify credits and deductions that can be included on your tax return to reduce your tax liability.
Once you have approved your tax return, we will file it online. Here are some of the key benefits of online filing:
- You will know exactly when Canada Revenue Agency (CRA) received it,
- There should be no processing errors by the CRA,
- You will have more time since you can file right up to April 30th, and perhaps more importantly
- Where you are entitled to a tax refund you will receive your money much quicker.
Note: If you are a sole proprietor or a partner in a partnership you will need to prepare annual financial statements and tax computations. We can do this for you as part of our Full-Circle Numbers Happiness System™ and will give you a separate fixed price for this.
Let Number Crunchers® take the hassle of filing your taxes away by filling out our tax needs assessment and then we can get you onto having peace of mind that your taxes are done.