The tax filing deadline is fast approaching and can be quite a challenge for many. This year, April 30 falls on a Sunday, leaving you a little extra time to complete your tax return, as the deadline is extended to the next business day, May 1, 2023. Failure to file and pay any balances owing may result in penalties and interest on unpaid taxes.
Here are some suggestions to make your tax filing experience smoother. Some commonly overlooked items are included that may help you increase your tax savings.
This should not be construed as legal, tax or accounting advice. This material has been prepared for information purposes only. The tax information provided in this document is general in nature and each client should consult with their own tax advisor, accountant and lawyer before pursuing any strategy described herein as each client’s individual circumstances are unique. We have endeavored to ensure the accuracy of the information provided at the time that it was written, however, should the information in this document be incorrect or incomplete or should the law or its interpretation change after the date of this document, the advice provided may be incorrect or inappropriate. There should be no expectation that the information will be updated, supplemented or revised whether as a result of new information, changing circumstances, future events or otherwise. We are not responsible for errors contained in this document or to anyone who relies on the information contained in this document. Please consult your own legal and tax advisor.