Service Description

Build a clear and organized paper trail behind your filed tax return. CRA Audit Ready™ teaches a practical system for organizing, totaling and reconciling the receipts and supporting documents behind amounts already reported on your tax return. During this in-person class, participants will learn how to: • Use the filed return as the master guide for organizing records, or prepare organized records correct totals to report on your tax return • Sort receipts and supporting documents under the corresponding return categories • Arrange records in a clear and predictable order • Prepare category tally and reconciliation sheets • Identify and explain differences between receipt totals and reported amounts • Separate possible capital purchases, mixed-use expenses and uncertain items for professional review • Assemble and quality-check an organized annual record package • Prepare an indexed copy of requested documents if CRA conducts a review The class runs from 9:30 a.m. to noon and includes the CRA Audit-Ready™ participant workbook, practical organizational materials and time for general questions. This is a record-organization and reconciliation course. It is not a bookkeeping, GST/HST, payroll or income-tax preparation course. It does not determine whether an expense is deductible, replace advice from the person who prepared the return, or guarantee the outcome of a CRA review or audit. This course is designed to make your records "Audit Ready"! WHAT YOUR REGISTRATION INCLUDES • 2½ hours of live, instructor-led training and hands-on guidance • A Pendaflex monthly receipt-sorting system • A two-ring transfer file for building your annual record book • A printed manual record-keeping guide and workbook • A CRA expense-categorization cheat sheet - perfect for 'Audit Ready' • Guidance for organizing income, expenses and possible capital purchases • Guidance for matching supporting documents to reported tax amounts • A system for identifying questions that require professional review • 16 GB USB Drive • 2-Hole Punch • A Covured Inc. branded water bottle, while supplies last You will leave with practical supplies, written guidance and a repeatable record-keeping system that you can use each year. *OPTIONAL - Bring any papers you need sorted.