Quote:
Originally Posted by tiger_handheld
Also, while other say it's must for a log, you just need to have a solid base to prove consistency and can get by without a log.
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To add on to this, typically the following years has allowance for a certain percentage of variance. Simply speaking, most clients only hear the second part and elect not to even do the base. Which for their first year, will cause issues if CRA asks you to provide one.
Quote:
Originally Posted by instantneedles
Thanks for the solid advice guys.
I'm seriously considering hiring a tax accountant for that reason. Why do it myself when I can outsource someone who does this stuff professionally.
Approximately when do you guys recommend that I start reaching out to someone?
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As soon as possible. Just know that it'll make it a lot cheaper or easier to deal with if you have all your own documentation and expenses sorted. And regardless of who you go with, regardless of price, please don't just expect to be able to dump all your receipts on them and expect a cheap price.
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