It’s never too early to make a start on business and corporate tax returns
Government tax filing deadlines are strict, so it’s never too early to make a start
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It’s never too early to make a start on corporate and business taxes, and the earlier you start, the more likely it is that you’ll hit the filing deadline. As outlined by the Government of Canada , “File your return no later than six months after the end of each tax year. The tax year of a corporation is its fiscal period. When the corporation’s tax year ends on the last day of a month, file the return by the last day of the sixth month after the end of the tax year. When the last day of the tax year is not the last day of a month, file the return by the same day of the sixth month after the end of the tax year.”
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Being prepared is the best way to ensure your business or corporation will hit tax filing deadlines, and it also means that reporting from departments or stakeholders has plenty of time to be submitted. Making an early start on these documents is essential in order to hit firm government deadlines.
Ensuring your business or corporation tax records and returns are of the highest standard means that you’ll be less likely to make mistakes in your submissions. Covering accounting and tax topics such as partnership accounting, performance measurement, master budgets, cost volume profit (CVP) analysis, and cash flow statements in independent education can help you to gain an edge in your tax filings – or it could help you to gain a sought-after position.
