Corporate Income Tax, Personal Income Tax, Small Business

What COVID-19 Means for Tax Season

As the COVID-19 situation is changing daily there is a lot of uncertainty surrounding business and tax obligations. At de Verteuil & Company Inc., which is the Tax & Accounting Team of Ivory Planning Group and also an independent firm, our primary concern is for the well being and health of our employees and clients. To this end, our bookkeeping, tax and accounting team members will all be working remotely effective immediately. As our core tools are web and cloud-based, our plan is to continue to provide our services without interruption.

Today, March 17th, 2020, the National Post has announced an extension to the tax filing deadline, but this is not yet confirmed. Until we learn otherwise, we should expect that most personal tax returns are due to be filed by April 30 and returns of individuals with self-employed income are due to be filed by June 15. We will update clients if this changes.

If you are not already, we strongly encourage our clients to use the digital tools we offer such as the Karbon checklist that is sent as we begin working on a file, Receipt Bank and the File Drop link on our website. If you don’t have a scanner, these tools can be used with the camera on your phone. If you need help, please contact us. We would like to stress that sending personal documents that may have a SIN on them via email is not considered secure. If you are unable to send documents electronically, we ask that you have them mailed rather than delivering them in person.

If you are looking for current guidelines on best practices for business and COVID-19, we found some excellent information here:

The BC Government has released information about COVID-19 and the workplace, which can be found here in the FAQ.

If ever you have any questions or concerns, please don’t hesitate to reach out to us.
 
Best regards,
Andrew de Verteuil, CPA, CGA
de Verteuil & Company Inc.

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