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  • 81 Financial and Tax Tips For The Canadian Real Estate Investor Expert Money Saving Advice On Accounting and Tax Planning-77

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    stumerit
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    Your accountant needs up-to-date financial information to provide good tax advice. Send statements to your accountant as you receive them to keep their permanent file on you current. Keeping organized financial records is important to avoid costs from unfinished business like unclaimed receipts, bank fees, and paying tax on deposits that could have been proven non-income. Good records also help your accountant and bookkeeper compile necessary reports.

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    81 Financial and Tax Tips for the Canadian Real Estate Investor Expert Money Saving Advice on Accounting and Tax Planning-77

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    Your accountant needs up-to-date financial information to provide good tax advice. Send statements to your accountant as you receive them to keep their permanent file on you current. Keeping organized financial records is important to avoid costs from unfinished business like unclaimed receipts, bank fees, and paying tax on deposits that could have been proven non-income. Good records also help your accountant and bookkeeper compile necessary reports.

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    81 Financial and Tax Tips For The Canadian Real Estate Investor Expert Money Saving Advice On Accounting and Tax Planning-77

    Uploaded by

    stumerit
    Your accountant needs up-to-date financial information to provide good tax advice. Send statements to your accountant as you receive them to keep their permanent file on you current. Keeping organized financial records is important to avoid costs from unfinished business like unclaimed receipts, bank fees, and paying tax on deposits that could have been proven non-income. Good records also help your accountant and bookkeeper compile necessary reports.

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    © All Rights Reserved
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    of 1

    make sure your accountant has the information he or she needs to provide

    good advice.

    KEY INSIGHT

    Your accountant likely keeps this information in a permanent


    file, which will be a major asset if the CRA ever asks questions.
    Help your accountant keep the information current and send
    these statements to your accountant’s office as soon as you
    receive them.

    TIP #23: KEEP YOUR RECORDS CLEAN.

    Messy financial records are unfinished business, and unfinished


    business will cost you money.
    Unfinished business costs money. It costs in terms of bank fees, receipts
    you never claim, and deposits you have to pay tax on because you can’t
    prove the money wasn’t income. In the real estate world, good records are
    essential to help you, your bookkeeper and accountant compile the reports
    you need to make decisions.

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