15736 100 Ave. N.W. Edmonton, Alberta Canada T5P 0L1
Fax (780) 486-4393 ------ Phone (780)484-1133

Bob Mcdonald CMA,ISP

Trypical questions you will get asked by your accountant when he/she is working on your year-end.

REQUEST FOR INFORMATION FOR YEAR_END PREPARATION:

In most (but NOT all) cases, interest on taxes due on Corporate Tax returns commences 3 months after the year-end date. Corporate Tax returns must be filed within 6 months of the year-end date. Your early attention to these items will help us to meet these deadlines and allow us the time to do proper tax planning for you.

AS AT FINANCIAL STATEMENT DATE

1. A list of all Accounts Receivable (what people owe you), clearly indicating which amounts you believe are uncollectible.

2. A list of all Accounts Payable (what you owe others) showing name of creditor, indicating what was purchased, date and amount.

3. An inventory of goods for resale valued at lower of cost or market value.

4. A list of changes to Equipment, Vehicle, Buildings and other major asset accounts showing date of: all new additions (include financing details); and disposals (indicating when proceeds received and where deposited).

5. A value of COST TO YOU for work in process (not invoiced). If applicable allocate values to labour and materials.

ALSO: Other items requested by the accountant.

Go to McDonald & Co. Accountants - HOME PAGE for more FREE INFO

Bob & Ronalda McDonald - PERSONAL HOME PAGES