New Year, New Shoebox
By Tiffany Keeping
It’s a brand new year,
so let’s make an impact and start this year out right. This is the year you get your accounting and finances in order and I‘m going to give you a few tips and tricks from a pro to help you do just that.
First, let’s talk about what you need to keep for your tax return and/or personal business bookkeeping for 2020. 13
N e w Ye a r N e w S h o e b o x
Mark your calendars, the due date for filing your income tax return and paying any related tax balance due is April 30, 2021. If you are self-employed or have a spouse or common-law partner who is self-employed, you both have to file a return by June 15, 2021, however, any balance owed is due by April 30, 2021. I have a detailed list of personal slips and business receipt information that you need to keep here in the new client forms section.
Second, you need to pick an organization system. There are many organization systems for filing but I find the following to be the most useful and easiest to pass along to your accounting professional: 1. Organize everything in a monthly system from January – December. Every category that you need to do your monthly bookkeeping goes into the appropriate monthly file folder.
