When it comes to the time your tax return is due and the deadline is fast approaching, it can be a frantic dash to the accountants with bags of receipts. Your accountant will not thank for this! However if you are filing taxes online for free then you will still need the same documentation. To make life easier for both you and your accountant, here are the records they will need to create your accounts and tax return:
Accounts – Your accountant will require all business account statements for the entire tax period, which lasts from April 6 the previous year. You most likely have a primary account, but if you also have a backup or a deposit account, they’ll need a statement for them as well, to follow every move between accounts.
Statements of any loans you have will also be required. It’s worth getting the balance …