By end of June, most Canadians have filed their personal returns in April and are working through their self-employed and corporate tax returns in June. We can all now relax and enjoy the summer!
Summer is a great time to relax but also a great time to reflect.
Was your Tax Season too taxing? Before you drop the eyeroll on me, yes I have been known to drop a Dad joke or two!
Here are a few signs that your tax season was too taxing:
- Too Much Paper – Are you still filing paper returns? This is 2024 not 1984! Modern CPA firms including Finalyze use digital technology to make your end to end process of accounting and tax a seamless electronic experience. Yes, there is an app for that!
- Too Many Surprises – Were you expecting a refund? Taxes payable? Or was it a roulette wheel? With effective tax planning, budgeting, and tax compliance your cash taxes paid or refund can be managed on an ongoing basis so that there are no surprises.
- Way Too Much Stress – Did the deadline sneak up on you? This year was a leap year so you did have an extra day! Finalyze works proactively with our clients to layout timelines in advance with reminders to ensure everyone can operate at a less stressful level.
- Too Many Penalties – Are you routinely filing your returns late? Remitting taxes past the deadline? Building up major refunds and then collecting after the fact? Trust Finalyze to help you proactively plan your tax bill or refund to keep more of what you earn. We will assess your personal and corporate structure to help you keep more of that cash in your hands and not with CRA.
If you just wrapped up your 2023 filings and are looking for a fresh approach to tax planning, budgeting, and compliance please reach out to us at Info@FinalyzeCFO.com for a complimentary consultation. Don’t worry though if you are someone who is a bit behind on your filings or payment never fear please reach out and we’d be pleased to assess your situation and help you get back on track.
Remember, If you decide to become a tax client of Finalyze you will have the opportunity to access our expertise in finance and accounting for real estate investments. Join our clients across North America who benefit from the Trusted Advice of a Real Estate CFO to help them build wealth.