A “T1 Transit Memo” For The Taking
It’s tax time here and I have many ways to keep track of clients who come in and bring me their records and income tax information. I have to … I do a lot of Income Tax Preparation during the months of March and April and well, actually all the way through until June 15th - which in Canada, is the deadline for individuals with business income.
When I meet with a client, I try to take notes. For every client or group of clients (e.g. for head of house only) I start a new “T1-Transit Mem0″. This is my typing report. This is my guide to keeping track of the tax returns that need to be prepared, who to be billed, and a guide to what to bill based on my actual time spent plus an admin charge. I also note last years’ billed amount, as a reminder and to also watch for, in case I can deduct this in the client’s business.
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Income Tax Preparer •
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SUV probably bigger gas guzzler than my beater Lumina - but just before...
