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Accounting, Payroll & Pension Issues/Fiscal Year End
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Question
Hi There, I know that you are in the US and that Canada differs but I am now at the end of my businesses first Fiscal Year End (Sept 1) and I now need to file my annual filing and move into the new fiscal year. What exactly is it that I need to do though? What do I need for my annual filing? I also am using Simply Accounting so I know I need to do things with that to change the year but I don't want to fool around with anything in there unless I know exactly what to do.
Thank You.
I cannot help with your accounting system as I have never used that type of accounting system.
Depending on your type of business you might need any of the following:
Corporate Tax
Income Tax
HST/GST
Payroll Taxes
PST
Home business Taxes
This page may help you out:
http://sbinfocanada.about.com/od/taxinfo/Tax_Information.htm
Or you may need to contact Canada Revenue and Customs:
http://www.cra-arc.gc.ca/menu-e.html
Shirley
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Answers by Expert:
Shirley McAllister, CPP, PHR
Expertise
I can answer payroll questions, payroll tax questions, 401K questions. No stock option questions please and I have some knowledge of other pensions but am most familiar with the 401K pension. I can answer U.S.and Canada payroll questions proficiently and have a good general knowledge of UK and South Africa and some knowledge of Australia and New Zealand Payroll procedures. Please do not ask me homework questions I do not have time to answer them.
Experience
25 years with an international company in the Human Resources, Payroll and Payroll Tax areas.
Organizations
SHRM, APA, I.O.M.A.
Publications
I.O.M.A. and BNA
Education/Credentials
P.H.R., C.P.P., Canadian Payroll Administrator, Successfully passed APA class on UK Payroll Administration.
Boise State University Human Resource Certification
Awards and Honors
APA Hotline Citation of Merit for last 8 years.
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