Other Accounting Services
Additional accounting support for GST/HST returns, T4 and T5 slips, new business start-up, and other financial needs.
Get Help with GST/HST, T4 & T5 Filings
Running a business can involve accounting needs beyond annual tax returns and monthly bookkeeping. You may need help meeting additional filing requirements, getting your accounting organized when starting a new business, or understanding your financial information as your business grows.
Kara Van Slyke Accounting provides additional accounting services based on the needs of your business. Support is available for GST/HST returns, T4 and T5 slips and summaries, new business start-up, and practical financial advice.
GST/HST returns start at $100 per filing, while T4 and T5 slips start at $75 per slip. Final pricing depends on the service required, the condition of the records, and the amount of work involved. Businesses that need ongoing record organization can also review monthly bookkeeping services.
Support for Different Business Requirements
Additional services are available for businesses with GST/HST, payroll, investment income, or outstanding information-return requirements.
GST/HST Registrants
Return preparation for businesses with monthly, quarterly, or annual GST/HST reporting periods.
Employers Preparing T4 Slips
Support preparing T4 slips and the related summary for employees who received employment income during the year.
Corporations Preparing T5 Slips
Preparation of T5 slips and summaries for applicable investment income, including certain dividends or interest.
New Business Start-Ups
Practical accounting support for new business owners who need help getting their financial records, bookkeeping systems, and accounting processes organized from the beginning.
Financial Advice
Practical financial guidance to help business owners better understand their financial information, identify areas that need attention, and make informed business decisions.
Businesses with Outstanding Filings
Support may be available when a prior GST/HST return or information return still needs to be prepared or corrected, depending on the records available.
What Can Other Accounting Services Include?
The exact work will depend on the service required and the needs of your business. Kara will confirm the scope of work and the information needed before getting started.
Official filing information is available through the CRA’s guidance for GST/HST returns, the T4 slip and summary, and the T5 return of investment income.
- Preparation of GST/HST returns
- Preparation of T4 slips and summaries
- Preparation of T5 slips and summaries
- Review of supporting records and documents
- Identification of missing or unclear information
- Electronic submission of applicable filings
- Support getting accounting and bookkeeping systems organized for a new business
- Guidance on establishing practical financial recordkeeping processes
- Review and discussion of business financial information
- Practical financial advice based on your business circumstances
- Support with overdue or corrected filings when applicable
Information to Provide for Other Accounting Services
The documents required will depend on the filing type, reporting period, number of recipients, and business activity involved. Kara will confirm what is needed after reviewing the general details of the filing.
Filing Records
Depending on the filing, these may include GST/HST records, sales and expense information, payroll records, employee information, investment-income records, previous filings, and CRA correspondence.
New Business Information
For new business support, Kara may need information about your business activities, structure, financial accounts, bookkeeping system, expected transactions, and any records or processes already in place.
Financial Information
For financial advice, relevant information may include your bookkeeping records, financial statements, income and expense information, current business concerns, and the specific financial questions you would like to discuss.
Complete records help support the amounts reported on each filing. The CRA generally requires businesses to keep records and supporting documents for six years from the end of the last tax year they relate to. Review the CRA’s guidance on keeping business records.
When Are GST/HST, T4 & T5 Filings Due?
Monthly and quarterly GST/HST returns are generally due one month after the end of the reporting period. Annual GST/HST filing and payment deadlines depend on the business’s fiscal year-end, assigned reporting period, and whether the registrant is an individual with business income.
T4 and T5 information returns are generally due by the last day of February following the calendar year to which the slips apply. Recipient copies are generally due by the same date. When a due date falls on a weekend or recognized public holiday, the next-business-day rule may apply.
Review the CRA’s current GST/HST reporting deadlines, T4 filing guidance, and T5 due-date information for the filing year involved.
Important Filing Deadlines
Monthly or Quarterly GST/HST Returns
Generally one month after the reporting period ends
Annual GST/HST Returns
Based on the assigned reporting period and business circumstances
T4 and T5 Information Returns
Generally due by the last day of February
Need Help with Your Business Accounting?
Book a meeting with Kara to discuss the accounting support you need, the records you currently have, and the appropriate next steps.
How the Process Works
Kara keeps the process organized so you know what information is required and what happens next.
1
Book a Meeting
Contact Kara or book a meeting to discuss your business and the accounting support you are looking for.
2
Confirm the Services You Need
Kara reviews your situation and confirms the services, records, and scope of work required.
3
Provide Your Information
Provide the requested financial records, documents, or business information. Existing clients can use the client portal.
4
Kara Provides the Support
Kara reviews the information provided and completes the agreed filing, accounting work, or financial review.
Questions About Other Accounting Services
Here are answers to common questions about additional accounting services, business filings, new business support, and financial guidance.
How much do filing services cost?
GST/HST return preparation starts at $100 per filing. T4 and T5 slip preparation starts at $75 per slip. Final pricing depends on the number of filings or slips, condition of the records, and whether additional bookkeeping or corrections are required.
Which filings can Kara help prepare?
Additional filing services are available for GST/HST returns, T4 slips and summaries, and T5 slips and summaries. The appropriate service depends on the business’s accounts, payments, recipients, and CRA filing requirements.
Which filings can Kara help prepare?
Yes. Kara can provide accounting support for new businesses, including helping set up bookkeeping processes, organize financial records, and establish routines to keep business information current from the beginning.
Does Kara provide financial advice for business owners?
Kara can provide practical financial guidance based on your business information and circumstances. This may include reviewing financial records, discussing questions about your business finances, and helping you better understand your financial information.
How do I know when my GST/HST return is due?
The due date depends on whether the business has a monthly, quarterly, or annual reporting period. Monthly and quarterly returns are generally due one month after the period ends, while annual deadlines depend on the fiscal year-end and business circumstances. Your CRA account or prior return can help confirm the assigned reporting period.
When are T4 and T5 slips due?
T4 and T5 information returns are generally due by the last day of February following the calendar year to which they apply. Copies are generally provided to employees or recipients by the same date. The due date may move to the next business day when it falls on a weekend or recognized public holiday.
What records do I need to provide?
The records depend on the filing. GST/HST returns may require sales, tax collected, purchase, and input tax credit records. T4 filings require year-end payroll and employee information. T5 filings require recipient details and records supporting the applicable investment-income amounts.
Are these filings included with bookkeeping or tax return preparation?
GST/HST, T4, and T5 filings are separate services unless they are specifically included in an agreed package. Monthly bookkeeping can help keep the supporting records organized, while small business and corporate tax return preparation cover different annual filing requirements.
Can Kara help with overdue or corrected filings?
Support may be available for outstanding, amended, or corrected filings depending on the filing type, years or periods involved, records available, and amount of additional work required. Contact Kara with the filing details so the next steps can be reviewed.
Ready to Get Started?
Book a meeting with Kara to discuss your business and the accounting, filing, or financial support you need.