I love my clients. It is why I went into business for myself so that I could be of service and make more businesses succeed. My client’s challenges are important to me. I hate to see business owners worry and that’s why it is important to stay on top of your tax obligations.  That’s where I come in to help. As my client, I ensure you stay on top of your important priorities. Each month in my #AskMelanie column, I address those burning questions so that you can maximize your time on growing your business and not worry about taxation issues. As a CPA accountant serving the Milton and GTA community, I am excited to have recently opened a bright and beautiful location in downtown Milton so please feel free to drop by and address your needs with me in-person.

#AskMelanie: It is my responsibility to stay on top of any HST Installments?

While Revenue Canada doesn’t send you reminders to make your HST installments, it is still your obligation to do so.  If your annual return reported a balance owing of $2,000 or more, before installments, then you are required to make quarterly installments towards the next taxation year. Generally, installments are quarterly but you can make more frequent if you want.  The downside to not making the HST installments? Interest charged has is effective on the date you should have made the installment.

I provide a wide range of professional accounting, income tax preparation and consulting services including:

• Financial statement preparation
• Accounting and bookkeeping
• Personal Income tax preparation
• Estate returns
• Corporate Income tax preparation
• CRA audits and assistance
• HST and sales tax
• Business succession and valuations
• Business Start-ups

Let’s get started in three easy steps:

1. Learn more about me ⇨ Send me a LinkedIn connection invite
2. Send me an Email ✉ Send me a message at melanie@miltonaccountant.com
3. Call ✆ Give me a call locally at 905-875-4444

Get more advice from Melanie on her blog and connect with her on Facebook and Twitter as well!