Personal Tax Return New Westminster
Sabeeh Naseer, Chartered Professional
Accountant offers Personal Tax Planning and Preparation Services. We serve
clients across Fraser Valley including New Westminster.(
Sabeeh Naseer is
an SR&ED consulting firm with a high success rate in filling a lot of
claims. We help our customers with tax returns in New Westminster, Coquitlam
and Surrey.
Personal
Tax Return New Westminster
Professional
Financial Planner New Westminster
FIVE TIPS
TO HELP YOU WITH YOUR TAX RETURNS
Author: SABEEH NASEER | Mar 11, 2020 | Categories: ACCOUNTING , ACCOUNTING FIRM , ASSURANCE SERVICES , BUSINESS ADVISORY , CHARTERED PROFESSIONAL ACCOUNTANT , CORPORATE TAX RETURNS , FINANCIAL STATEMENT , ONLINE ACCOUNTING , PERSONAL TAX RETURNS , SR&ED TAX RETURN , TAX PLANNING , TAX PREPARATION
iling tax returns either as an individual or on behalf of your business can be a time-consuming and challenging affair. To make this process more manageable and ensure that you avoid tax return mistakes that could cost you a hefty sum of money, it’s advisable to enlist the services of an experienced Chartered Professional Accountant to assist you in filing your tax returns. To ensure that you file your tax returns correctly, Sabeeh Naseer, Chartered Professional Accountant has listed five tips to help you with your tax returns. Keep reading to know what they are.
Tip #1: Save in tax-efficient
accounts
If you save your money in accounts that are tax-deferred or
tax-exempt, you’ll be able to save a considerable amount of money and avail of
tax benefits. Saving in tax-efficient accounts would be an ideal way to reduce
your taxes.
Tip #2: File your tax return on time
Missing the tax return deadline could lead to a late-filing
penalty and can cost you thousands of dollars. It’s essential to file your tax
return on time, as there is no provision for extending this deadline.
Tip #3: Keep complete records
Your checkbook, personal budget, or online banking tools are
essential to help you remember income and expenses that should be reported on
your tax return. Besides, you also need invoices, receipts, sales slips, or
other written documentation that shows what exactly you paid for. Keeping these
records will ensure the smooth functioning of the tax return process.
Tip #4: Plan ahead
Planning ahead and keeping yourself organized when filing
tax returns is important, as it’ll be easier for you to complete your taxes and
avoid tax mistakes that could cost you time and money.
Tip #5: Take advantage of income
splitting
A person with a higher income can contribute to a family
member’s RRSP with a lower income, thus lowering the higher income person’s tax
liability and potentially moving them into a lower tax bracket.
If you’re looking for the services of an accounting firm in New Westminster, BC, reach out to Sabeeh Naseer, Chartered Professional Accountant. As a leading accounting firm in the area, we strive to provide a wide range of assurance and accounting services, bookkeeping services, personal and corporate tax planning and preparation services, and business advisory services that are specific to our clients’ needs. We understand that every business is different and use a personalized approach to help our clients strengthen their business. We serve clients across Lower Mainland and Fraser Valley including New Westminster, Surrey, Vancouver, Burnaby, Langley, Delta, Richmond and Coquitlam. Access the web
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