Professional Strategies for Meeting Tax Deadlines
To help us complete your return efficiently and accurately, please review the following guidelines:
- Submit all documents at once : Providing everything together reduces delays, follow-up requests, and potential amendments after filing.
- Bill Payments: Bank statements often do not show detailed payee information for online or telephone payments. Please note directly on the statement what each payment relates to, or provide a separate list.
- Deposits: If multiple cheques are deposited together, indicate which cheques make up each deposit.
- Credit Card Statements: Please submit credit card statements rather than individual receipts for the same period. Simply mark which transactions are business-related. This helps reduce processing time significantly.
- Cash Receipts: Submit only receipts related to business expenses. If the purpose is unclear, please write a brief note on the receipt. Organizing receipts by category (e.g., supplies, meals, travel) will speed up processing.
- Expense Timing: Ensure all expenses submitted fall within the correct fiscal year.
- Large Purchases: For significant purchases, include the full invoice and any relevant supporting documentation.
- Organization Matters: The more organized your records are, the faster your return can be completed — which may reduce your overall fees.
Following these steps allows Balance Tax Accounting to prepare your return accurately, efficiently, and on time.
