Roman & Associates Accounting Firm

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Get ready to do your 2018 income tax and benefit returns Most Canadian income tax and benefit returns for 2018 are due on April 30, 2019. For those who are self-employed, or who have a spouse or common-law partner who is self-employed, the deadline to file your tax return is June 15, 2019. Since June 15, 2019 is a Saturday, we will consider that you filed your return on time if we receive it, or it is postmarked, no later than June 17, 2019. However, if you have a balance ...owing, you must pay it by April 30, 2019. You can file online as early as February 18, 2019. Filing on time ensures your benefit and credit payments are not delayed or stopped, while filing early may help you get your refund quicker. If you have a spouse or common-law partner, they should also file a return early. The benefit and credit payments include: Guaranteed income supplement (GIS) Canada child benefit (CCB) (including any related provincial or territorial benefits); GST/HST credit (including any related provincial credits); and Working income tax benefit (WITB). NEW This year, eligible residents of Saskatchewan, Manitoba, Ontario and New Brunswick will be able to claim Climate Action Incentive payments through their personal income tax and benefit returns. To do so, complete the new schedule. Any payment will first be used to reduce your balance owing, if applicable, or may increase the amount of any refund to which you are entitled. Income Tax Package The CRA makes it easier for paper tax filers to do their taxes by mailing them their forms and guides directly. Claim your deductions, tax credits, and expenses Increase your refund or reduce the amount of tax you must pay. Need more detailed information to complete your tax return? Need help to complete your tax return? We can help you, just contact us!

Introducing Home Care Provider Payroll & Tax Management by Roman & Associates Accounting Firm and Home Is Best Caregiver Services Taking the initiative to employ an elder care provider for yourself, your spouse, or your parents is challenging. There are many things to adjust to as you embark on this new stage: scheduling, training, and getting used to a new person in your home. In addition, it puts you in a new situation you’re now an employer. With all of the other chang...es you need to get accustomed to, you’re now responsible for registering with the CRA & WSIB/WCB/WorksafeBC, as well as reporting and remitting appropriately and in a timely manner. It’s pretty easy to get any one of these many steps wrong, which can be risky and expensive. The CRA levies heavy fines to those who don’t follow the rules. Families that deal with all this by themselves need to dedicate a lot of time and effort to learning the rules and calculating different payment scenarios. Sadly, this often results in fines even for slight or accidental transgressions. Would you like a service that manages the payroll of your caregiver for you? Of course! Fortunately, this is where Home Is Best and Roman & Associates Accounting Firm for Canadian households, comes in. Home Is Best stemmed from a growing need within the caregiving industry and emerged as the most affordable solution to helping households become legal employers. Let’s take a look at how simplifies the task of becoming an employer after you hire an in-home care provider. Roman & Associates Accounting Firm takes care of: Canada Revenue Agency (CRA) registration Paying your caregiver using direct deposit Correctly calculating net and gross pay, taxes, CPP, and EI amounts. Remitting all source deductions on your behalf to the CRA Providing and Filing the T4 and T4 Summary at tax time Producing pay stubs and receipts each period Calculating taxable benefit of room & board (if applicable) Monitoring any applicable changes with the CRA and/or Employment Standards on your behalf WCB/WSIB registration and premium remittance, Roman & Associates Accounting Firm expert will answer any questions that you have,the most cost-efficient payroll service on the market .It saves you valuable time and makes your life as an employer effortless. Let Roman & Associates Accounting Firm guide you through the hassles associated with taxes and payroll, so that you can focus on what’s important: living your life and caring for your loved ones. Sign Up today! For more information on how we can help you message us.

If you live in Canada, you may be eligible to receive a GST/HST tax credit. Roman & Associates Accounting Firm has info to help you find out if you are qualify. Canada child benefit (CCB) If you are a parent,you know how expenses add up. The Canada child benefit can help.... Families can get up to $6,496 for each child under 6 and up to $5,481 for each child aged 6 to 17 for the July 2018 to June 2019 benefit year. The CCB is a tax-free monthly payment made to eligible families to help them with the cost of raising children. Single individuals can get up to $433 for the July 2018 to June 2019 benefit year. A couple with two children can receive up to $866. The credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST/HST they pay. Workers benefit Low-income workers may be eligible for the Working Income Tax Benefit (WITB) when filing their 2018 tax returns. For 2019 and later years, this refundable tax credit will be enhanced and renamed as the Canada Workers Benefit (CWB). More Benefits!!! Canada caregiver credit The credit may provide tax relief to a family member of an infirm dependant. Benefits for Indigenous people Find information about benefits and programs for Indigenous peoples, including education and training, income assistance and more. Veterans Affairs Canada Support for Veterans and their families when leaving the military and throughout their lives. Programs and Services for Seniors A variety of programs and services to help you ensure your later years are safe and secure.

You can file online as early as February 18, 2019. Filing on time ensures your benefit and credit payments are not delayed or stopped, while filing early may help you get your refund quicker. If you have a spouse or common-law partner, they should also file a return early. The benefit and credit payments include:... Guaranteed income supplement (GIS) Canada child benefit (CCB) (including any related provincial or territorial benefits); GST/HST credit (including any related provincial credits); and Working income tax benefit (WITB). Let us do the work for you. Message us.

Doing your taxes does not need to be difficult. Let us do and file your taxes (Canada Revenue Agency) The deadline for most individuals to file their 2018 tax return and for all individuals to pay any amounts due is April 30, 2019.