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Small Business Client Year-End Checklists
You should prepare for your year-end BEFOREHAND. A business is required to file
tax returns 6 months after the year-end though for business reasons you should
complete your financial statements within 3 months of the year-end.
To facilitate preparing your year-end financial statements and tax returns, you
should have the following business records ready:
- Ledgers or a copy of your electronic data
- Cheque stubs and deposit books
- Bank statements and cancelled cheques, including the month after your year-end
- Inventory listing, Accounts Receivable listing, Accounts Payable listing
- Any documents pertaining to purchases of new assets
- Finance contract and loan agreements and information
- Payroll records (if cheques are net)
- GST remittance forms for all quarters
- Source deduction remittance form for the last month of the fiscal year
- Your lawyer's name and/or a copy of the minute book
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Quon & Associates and Anchor Accounting Services Limited
Bay 1, 3700 – 19 Street NE, Calgary, Alberta T2E 6V2
phone: (403) 250-5111 fax: (403) 291-0412 e-mail us
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