- Collect your receipts:
With today’s cloud technology expense receipts can be collected immediately. By using something as simple as a shared email or even shared folders, you can instantly provide these items to your accountant. Importantly, as you incur tax deductible expenses, your accountant can use them to reduce the mad scramble during tax season.
- Share access to T4 slips:
The Canada Revenue Agency’s site allows you to provide online access for your accountant to view your T4 slips. Get a jumpstart on your return by giving your accountant access.
- Meet your accountant more often
Make your tax planning meetings with your accountant quarterly. Instead of the once-a-year rush, these more frequent meetings will help shape their advice around events in your life as they happen. Had a new kid? Take advantage of tax savings immediately.
- Make your accountant an expert on your business
Getting your accountant to be an expert on your business is more important that you may think. Their advice and experience will be more relevant once they have a better understanding of how your company works. You’re regular meeting will be more effective and their tax planning advice can be tailored to your company’s situation.
- Use cloud-based invoicing tools
Getting your business linked into a leading cloud invoicing solution like FreshBooks makes invoicing a breeze. You can automatically track and share your activities with your accountant and these tools make it easy to share. Other great options include Kashoo or free options like Wave, as long as the advertising doesn’t freak you out.