What Tax Season Means for Accountants
Tax season is a busy time for businesses and individuals preparing to have their taxes completed by an accountant.
In 2020, the tax deadline was extended to the end of September 2020 due to the complications presented by the COVID-19 pandemic. Although the pandemic is ongoing, the 2021 deadline has not been extended.
The exact start date of tax season can be hard to pin down, but the CRA has suggested that people will be able to file their taxes as early as February 22nd, 2021. April 30th, 2021 is the general deadline for filing taxes. Self-employed individuals or people with a spouse or common-law partner who is self-employed have a later deadline of June 15, 2021.
During tax season, long hours are the norm for accountants and the best advice we have is to be prepared, so stress is kept to a minimum.
Now is the perfect time to set yourself up for success before tax season is in full swing. If you are not quite ready for the season then we can help you.
Accounting Services include:
- Tax compliance
- Family tax minimization
- Retirement planning
- Asset protection
Corporate Tax Services offered:
- Corporate tax return (T2) preparation
- Holding company structuring
- Salary vs. dividend consideration
- Income and capital tax minimization
- GST/HST return filing
Scott Gray, CPA, CMA, and his team specialize in providing personal taxes to business owners that require an integrative approach to their taxes. We also provide assistance to people that may have a portfolio of real estate.