OUR PROCESS
One of the easiest ways to speed up the processing of your tax return is to bring all information in at once. Please note: if we have not received all your vital data for the return, it is best for us to wait until everything is brought in and start it then.
Income will be summarized, receipts will be added, and a summary will be prepared. If you have a GST number, the GST information will be calculated.
Bring all tax related documents in at one time, this avoids the need to contact you each time information is missing or amend an already filed tax return and have to charge you for extra time.
Bill Payments - the bank does not indicate who the payee is on your statements when you pay a bill via telephone or online. Please note which bills you are paying either on your statement or provide a list and attach to the bank statement.
Deposits - when you deposit more than one cheque at a time, please indicate which cheque makes up each deposit.
Credit Card Receipts: please give us your credit card statements for processing. Please refrain from submitting receipts/statements for the same period. It takes a long time to match receipts to the statement, therefore just indicate on your statement which charges are business-related.
Cash Receipts: please only submit receipts for business-related expenses. If you’re unsure, please keep them separated so we may review them. If there is no indication on the receipt where it is from, please write that directly on the receipt. To save us time, you may organize your slips according to the expenditure and separate each category.
Expenses: please ensure that all business expenses fall within the period of your fiscal year.
Large purchases: if you made a big purchase, please include the corresponding invoice and any other important details along with the information provided for processing.
Please be advised, the less time we spend on doing your taxes, the less you are charged!
The tax return and GST return will be prepared.
Judy will review the file after the tax return has been prepared. If Judy prepares it, another team member will review it (not that she ever makes mistakes :)
Next, the file goes to billing. Our program carefully tracks each person’s time spent on your file, allowing us to present you with an accurate bill.
After the return is scanned, the file is ready for us to call you to come in to review/sign the return. We may also send the file through Portal if it makes it easier for you. You can now electronically sign the T183 authorizing us to E-File your return.
Once the T183 is signed, we return the client’s copies of their receipts and a copy of their return to keep for their records. The file is then sent to be e-filed.
Any client with a tax amount owing has several alternatives to pay it.
If you have the correct paperwork, you can go into your bank and pay it
You can go online and pay it through your online banking.
You can send it to us as an e-transfer to paycra@stageone.net and we will be sure to pay your tax or GST amounts owing.
You can bring in a cheque made out to the “Receiver General and we will courier it to CRA by April 30th.