Vancouver Accountants Advise Canadians to Rectify Tardy Taxes Before the CRA Catches Up

/EINPresswire.com/ -- VANCOUVER, BC--(Marketwired - June 24, 2016) - Mew + Company, a firm of chartered professional accountants in Vancouver, understands that sometimes tax filing has to take a back seat to life. If you've fallen behind on your taxes, you will need a professional to sort out the backlog-before the CRA catches up. For more information, go to: http://www.mewco.ca/blog/help-filing-canadian-income-tax-late/

Amidst separations, illness, anxiety, and children, tax filing may not seem terribly important. But in no time at all, a missed deadline can snowball into several years of delays. Eventually, especially for Canadian residents, the CRA will catch up to rectify the balance owing. At this point, late fees are inevitable and your wages may even be garnished if the CRA deems it necessary.

If you've missed a deadline, the first step to take is to hire a professional tax advisor to help navigate through the various options and protect your rights as a taxpayer.

The most daunting part of the process is locating all of the information, tax slips, receipts, etc. for the unfiled years. This is what prevents many taxpayers from taking the first step. However, there's no need for undue stress as the CRA already has a lot of income information about taxpayers in its database. By giving a tax advisor authorization, they will be able to locate most of the information required. There may still be some missing information that you'll need to figure out, but the whole process will become much simpler.

Another compelling reason to hire a professional is that under certain circumstances, you may be able to avoid late filing penalties by going through the Voluntary Disclosure Program, a program where penalties are waived if the taxpayer initiates the process and attempts to make amends before the CRA contacts them.

If you've missed filing your taxes, contact Mew + Company for more information about the Voluntary Disclosure Program and how to get started. Call 604 688 9198 or lwoo@mewco.ca.

About the Company

Mew + Company, Vancouver, is an ideal solution to the taxation problem. With a simple philosophy of building long-lasting customer relationships, the company has been serving corporate clients in a variety of fields-including restaurants, real estate, retail, and the service industry. Investing in their specialist services will undoubtedly be fruitful for all kinds of clients.

To learn more about Mew + Company and discuss their services, log on to http://mewco.ca/.

Lilly Woo, CPA, CA, CFE, CFP
Mew + Company Chartered Professional Accountants
604 688 9198
Company Website: http://www.mewco.ca