Going through your tax records and gathering necessary documents to file your tax return can be frustrating as you may have to devote several hours to it. However, you don’t have to do it alone! A professional tax consultant can assist you with your tax preparation and keep you informed about the tax regulations. They will help you save time and money and ensure you avoid any calculation errors that could adversely affect your tax returns.
Canada Emergency Business Account (CEBA) is one of the Government of Canada’s financial relief measures to support businesses impacted by the coronavirus pandemic. Eligible businesses can get access to this interest-free loan to help them manage their expenses. Moreover, with the latest news release, CEBA will be available to businesses that have been operating out of a non-business banking account.
If you’re new to the process of tax preparation, it can be one of the most frustrating and time-consuming tasks that you’ve had engaged in. For starters, you may have a ton of questions on your mind but find answers difficult to come by. This can cause you to delay the filing of your returns, submit incorrect details, or exceed the submission deadline. At Can-Am CPA Professional Corporation, we understand the challenges you may be facing, and we want to arm you with the most accurate information available to help you out. To do this, we’ve answered some of the most frequently asked questions about filing your taxes.
Admit it. Tax time can be hard and tough to grasp for most of us. With numerous tax responsibilities and laws to obey, filing taxes as a layperson can be daunting. Moreover, you have the Canada Revenue Agency (CRA) scrutinizing records every year! Enlisting the services of a tax accountant is a beneficial choice to minimize tax liability. They will oversee your finances and make sure you comply with the tax laws and file your taxes on time.