As promised, here is my personal tax return preparation checklist to ensure you're prepared when it comes time to do your taxes. The Excel file will let you check off items that are applicable to you, and hide those sections which are not.
Note: You will have to enable macros for the functionality of the check boxes to work.
Note: You will have to enable macros for the functionality of the check boxes to work.
2012 Personal Tax Return Checklist - Excel |
2012 Personal Tax Return Checklist - PDF |
The checklist provides a basic overview of what will be required for me to do your taxes. Again, I'm all about making this process as painless as possible - if you have a general idea of what I'll need from you based on the checklist, it will save both of us a considerable amount of time and effort. I don't have to hunt you down for that missing T5 slip, and the whole process takes days instead of weeks.
Of course, this is just a general checklist - many of these items won't apply to you, others will require much more information than a simple 'check' of a box. This checklist will be used to facilitate discussion and ensure I am picking up everything I need to on your return.
In the coming weeks, I will be preparing templates for some of the items on the checklists that require more information than others. These templates are mere suggestions to help you better keep track of your expenses, you are welcome to use/edit them to better suit your needs. If you'd rather come to me with a pile of receipts and have me do the work, that's okay too.
Of course, this is just a general checklist - many of these items won't apply to you, others will require much more information than a simple 'check' of a box. This checklist will be used to facilitate discussion and ensure I am picking up everything I need to on your return.
In the coming weeks, I will be preparing templates for some of the items on the checklists that require more information than others. These templates are mere suggestions to help you better keep track of your expenses, you are welcome to use/edit them to better suit your needs. If you'd rather come to me with a pile of receipts and have me do the work, that's okay too.
I'll be providing the following templates - if you are interested in another type of template, please let me know in the comments!
1. Self-employed individuals
a. Statement of income and expenses
b. Motor vehicle expenses
c. Home office expenses
2. Employment expenses
a. Statement of employment expenses - salaried employees
b. Statement of employment expenses - commissioned employees
c. Motor vehicle expenses
d. Home office expenses
3. Rental properties
a. Statement of income and expenses
Until next time,
- Jacob
1. Self-employed individuals
a. Statement of income and expenses
b. Motor vehicle expenses
c. Home office expenses
2. Employment expenses
a. Statement of employment expenses - salaried employees
b. Statement of employment expenses - commissioned employees
c. Motor vehicle expenses
d. Home office expenses
3. Rental properties
a. Statement of income and expenses
Until next time,
- Jacob