HELP - CANT FIND ACCOUNTANT Ottawa region

[playfelt]

Nope no program. I just use lined paper in a binder - very professional. Put the catagory at the top and then record what belongs in that catagory. I package my receipts in 3 month envelopes and deal with stuff each quarter although I have a bin on my desk I write on receipts as I get them and toss stuff in there till ready to be bagged. (I do three months because I have to submit HST to the government for my other felt business every 3 months and some stuff overlaps such as buying felt at fabricland for a workshop and a piece of fabric I am going to use with my daycare. All you need to put on the tax package is the total at the bottom of the page. So for instance eveytime you pay to advertise such as in a newspaper or a paid online package you write the amount down and at the end of the year add it up and put the amount down beside advertising.

I do it manually with a calculator and fill in the forms by hand and mail them in. If you go to the revenue canada site you can file online this year without using a tax program I think and you just fill in the numbers. Mine gets complicated because I have to do separate forms for each business and then add the net totals together for income and most programs wont' let me use a form twice so stopped trying and just do it by hand. I did contact revenue canada and had them send me the business tax package which also goes through each of the items you can claim and gives examples and basically walks you through the T2125 form which is in the booklet. But you can also download both from the website.

Did they have some name options at the tax workshop? I have heard people sharing names in the past but don't know anyone. My son, who lives in Calgary, is an accountant and has been doing some tax prep for people at work for at little as $30 so becuase it isn't complicated you might want to just look for someone that is tax trained but stay away from things like HR Block since many of those workers just get a crash course in taxes and that is it. It really helps if the person doing the taxes understands home daycare for sure or they will try to claim things you can't and also refuse to claim things you can - water is one example of something we can claim but most home businesses can't because they don't use it in the actual working of their business.