2 minutes reading time (306 words)

Four Tax Tips to Maximize Your Tax Refund

Maximize Your Tax Refund in 2020:

Keep Your Receipts

Create a Dropbox or Google Drive folder to save all of your receipts – not only does this ensure
you have them all come tax time, but you can easily share this with your accountant, too.
Receipts for everything from eye glasses, massage therapy, prescription medications, and even
grocery receipts if you have a specific dietary requirement (like a gluten allergy) are all important
to hold on to.

Track Your At-Home Hours

If you’re an employee and your employer asks you to do some work from home evenings,
weekends, or even during work hours, you can claim deductions. Have your manager sign a
T2200 Declaration of Conditions of Employment. Home office and other expenses you can
claim may include: Interest on your Mortgage, Insurance, Utilities, and Travel.

If You’re Self-Employed, Use an Accountant

Numetrica has been able to find an additional $4,000 for our self-employed clients. You are able
to deduct all costs that are associated with running your business, and many often get missed:
cell phone, home office, car expenses, etc.

A cloud accounting system like QuickBooks Online can make a self-employed person’s life
much easier come tax season. Numetrica sets all of their clients up on this platform, saving
hours of work on both sides.

Get The Credits You’re Owed

A first-time home buyer can qualify for a $5,000 credit, with a potential refund value of $750 and
can be used every 5 years. It’s also possible to recover missed credit on this one, so if you’ve
recently purchased a home (even if it wasn’t this year) Numetrica may be able to help you get it
this year.

Many credits exist like this – it’s important to ensure you’re getting all of the ones you’re owed.

Let me know if you have a specific question

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Numetrica has recruited 3 more heroes.
What is cloud accounting
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Friday, 12 August 2022

One-Stop Shop for Accounting
and Bookkeeping in Ottawa

Numetrica City Accounting

Awards / Featured On

Reviews

Check what some of our clients are saying about our services.
  • I highly recommend Moe Tabesh. His service is phenomenal, to say the least. His tax knowledge is extensive and he’s been able to save me a substantial amount of money by following his recommendations. In addition, he is warm, kind, understanding, positive, and flexible, which are qualities I find rare in most accountants I’ve worked with. You’re in good hands with Moe, I can’t recommend him enough.

    Samantha Biron

    President and Founder, Find Your Tribe
  • Moe and everyone at Numetrica have been incredible at helping with my new corporation and corporate and personal tax returns and my other small business. Their accounting skills are out of this world and the technology they use makes everything so simple and fast. The time you will save will be worth every penny. Thanks again Moe for all your help!

    Jeremy Prudhomme

    CEO, Jeeman TV
  • Mr Tabesh (Captain Number Cruncher) and his perfect team are not only professional in their fields, they are extremely passionate about their clients! Numetrica City continues to support us with corporate and personal tax returns, bookkeeping (thank you so much Sherry ) and We are so happy and appreciative for you and your responsible team, Moe!!!
    I really recommend these guys to everybody.

    Farshid Dehnavi

    President and CEO, Ink Plus
  • I did my first Corporate tax return and cloud accounting with Numetrica City and I am very satisfied with the work they did. The team was very responsive and answered all my questions. I 1000% recommend their services.

    Keddy Declan

    CEO , IT Referrals
  • I would highly recommend Numetrica City-Accountants, Tax and Bookkeepers. Exceptional customer service. I am assured that all my company tax services and payroll are taken care of because of the great team that Moe has. I like the fact that I do not have to worry about driving to a physical location for my accounting services, my company's accounting tax preparations are done online due to the excellent cloud service Numetrica City has. Definitely score a10/10. Thank you for all the good work that you guys do. Greatly appreciated!

    Sibeso Kehinde

    OUR PROCESS

    Discovery

    We’d love to hear about your goals and aspirations. After understanding the big picture, we’ll dig into the details of your bookkeeping process so we can assess your needs.

    Proposal

    Once we understand your needs, we’ll send over a proposal that outlines our plan for tackling your challenges and a fixed monthly price for those bookkeeping services.

    Set-up

    Once you accept our proposal, we’ll get your bookkeeping tidied and up to date and begin implementing cloud accounting tools that will ensure proper bookkeeping going forward.

    Get Connected

    Once the set-up is done, the hard part is over. You’ll be connected to your CPA-level bookkeeper and they will become your main point of contact.

    Reviews

    Once the clean up is done, the hard part is over. You’ll get connected to your bookkeeper and he/she will become your main point of contact. Don’t worry, we only select the best CPA or CPA students.

    Join our family

    Clients

    Trust in the superhero accountants of Numetrica to keep your numbers in order and for expert advice on growing your business. Numetrica City specializes in providing clients with in-depth accounting and bookkeeping services in Canada and the United States as well as financial advice to assist you in making the right decisions for your business.