Tax Season Preparation

If you haven’t already, it is soon time to send all your businesses financial records to your accountant. Are you ready? Have you got all of your spending tracked? Can you easily send them a report with your sales and any HST charged? Are all of your receipts and invoices organized?.

This time of year often causes stress for business owners. It is the time when you can no longer ignore your finances. Even if it is your least favourite thing to do, it still has to get done.

This is often when people have to admit that they are not keeping up with their bookkeeping or their tax filings and payments, and that they need help.

Duet Bookkeeping has experience working with clients who have a year or more of bookkeeping to catch up. We can help you get your records up-to-date and then come up with a plan to get everything filed and paid.

Even though it may not feel like it, the best thing you can do is know what your numbers actually are so you can develop a real plan of action. You may owe money, but often people feel relieved when they know it’s all in order and all of their government filings are up-to-date.

Remember, you are not alone. Many business owners get caught up doing what they do best and their bookkeeping gets behind. It is ok to ask for help - that’s what we’re here for!