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W. Callaway Professional Corp. Cochrane, AB Personal Income Tax Checklist Phone(403) 9325433Tax Year:www.wcallaway.comPersonal Information Taxpayer Title Mr Mrs Miss Ms Spouse Mr Mrs Miss Ms Name

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How to fill out in this edition year-end

01

Review all financial statements and reports for the current year.

02

Check for any outstanding invoices or expenses that need to be recorded before the end of the year.

03

Review payroll records and ensure that all employee wages and taxes are accurately recorded.

04

Reconcile bank accounts and credit card statements to ensure all transactions are accounted for.

05

Prepare any necessary adjusting entries, such as depreciation expense or accruals.

06

Update any necessary tax forms or filings, such as W-2s or 1099s.

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Close out the year by preparing a year-end trial balance and financial statements.

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Conduct a final review of all financials to ensure accuracy and completeness.

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Store all year-end financial records in a secure location for future reference and compliance auditing.

Who needs in this edition year-end?

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Companies and organizations of all sizes need to complete year-end procedures to ensure accurate financial reporting and compliance with tax regulations.

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Business owners, financial managers, and accounting professionals are typically responsible for overseeing the year-end process.

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Additionally, stakeholders such as investors, creditors, and regulatory bodies may require year-end financial information for decision-making and regulatory purposes.

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What is in this edition year-end?

In this edition year-end, there will be updated tax forms and regulations.

Who is required to file in this edition year-end?

All businesses and individuals who earned income during the year are required to file in this edition year-end.

How to fill out in this edition year-end?

To fill out in this edition year-end, you will need to gather all your income and expenses information and report them on the designated tax forms.

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The purpose of in this edition year-end is to accurately report your income and expenses for the year to calculate your tax liability.

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In this edition year-end, you must report all sources of income, deductions, and credits for the year.

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