Keep records as you go
Saving receipts, statements and slips through the year turns tax season from a scramble into a quick review.
FAQs
Services, working together, privacy and tax basics, all in one place.
FAQs
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Personal tax filing, corporate tax planning, bookkeeping, payroll services, and incorporation and registration of US companies, for individuals and businesses.
Glossary
Tax terms in plain English.
Short definitions of words you will hear when we talk.
- Tax return
- A filing made to a tax authority that reports your income and other details for a tax year.
- Withholding
- Tax taken from pay or other income before you receive it and sent to the tax authority on your behalf.
- Bookkeeping
- The day-to-day recording and organizing of income, expenses and other financial transactions.
- Tax planning
- Considering the tax effect of decisions ahead of time so your tax position is managed legally and effectively.
- Payroll
- The process of paying employees, including calculating pay and the amounts withheld from it.
- Compliance
- Following the filing, record-keeping and employment rules that apply to you or your business.
- Tax year
- The twelve-month period that a tax return covers. It can differ by country and by situation.
- Records
- The receipts, statements, slips and other documents that support what you report on a return.
Good habits
Six habits that make tax season easier.
General advice that applies to almost everyone.
Know which country's rules apply
Canada and the United States have different forms, authorities and rules. If your situation touches both, mention it early.
Ask before you decide
Big moves, such as hiring, buying property or changing how your business operates, can affect your taxes. Ask first.
Read what the authority sends you
Official letters can be time sensitive. Open them promptly, and bring them to us if you are unsure what they mean.
Separate personal and business money
Using separate accounts makes bookkeeping simpler and your records clearer for everyone involved.
Do not wait for the deadline
Starting early gives you time to find missing documents and ask questions without pressure.
Official sources
Straight from the tax authorities.
Our site is general information, not personalised tax advice. For official rules and forms, go to the source.
Contact
Talk to a real person.
Tell us what you need help with and we will point you to the right service. No pressure, just a clear conversation.
Please do not include Social Security or Social Insurance numbers, tax IDs, banking details or tax documents in this form.