Expert Tax Review

This mini requires you to have an up-to-date chart of accounts for the financial year you review (all transactions must fully identified and reconciled). This chart of accounts will need to be in a browser-based cloud accounting platform (we support Xero, Quickbooks Online, Wave, Freshbooks and Sage Online) which is able to allow our Tax team remote access.

You will also need the relevant tax return and tax documentation (T1 or T2) that you submitted and the resulting Notice of Assessment.

Who is this for?
If you've submitted a recent tax return either by yourself or by an accountant, you might be wondering if you could have reduced your tax liability further. In each province, there are different rebates and programmes available to claim, and with incoming tax credits around Carbon, Childcare and Dental - it can be confusing to know if your tax returns are optimized for the ever-changing tax laws. Your business is changing too - so each year will be different from the next. At huumans you can have us review your previously submitted taxes and charts of accounts to determine if you've filed your taxes in the best way possible - and what steps to take to reduce your next tax bill.

What do you need to provide?
You will need an up-to-date chart of accounts for the financial year you wish to review. This means that all transactions must be fully identified and reconciled, and you must be satisfied that the year-end balance shown is truthful and accurate to the best of your knowledge - and matches your submitted tax return. Your chart of accounts must be in a browser-based cloud accounting platform (we support Xero, Quickbooks Online, Wave, Freshbooks and Sage Online) which is able to provide remote access to our Tax team - typically this is done by adding an advisor in the account settings. Please make sure you can provide all of these things prior to purchasing this mini.

What do you get?
After a private consultation with a Chartered Professional Accountant (CPA), you'll get a completed Tax Review based on the information you supply. You can choose the format / file type you'd like the Tax Review in.

How long will it take?
If you have all your accounts in order and respond promptly to any requests, it will typically take around a week to complete a Tax Review from the initial booking. It will also depend on how complex your accounts are, but you will get email support throughout the process where we can update you on our progress as we proceed.

What happens after you purchase this mini?
After payment you'll need to fill in a brief form for our team so they can prepare for your accounts arriving, and choose a time to talk with our tax team by private video call. In this brief 30 minute call we'll ask you some questions about your current situation, finances and prior tax returns - along with answering any questions you may have. We'll then mutually agree on a plan (and timeline) and get started immediately on your Tax Review.