| # | Work Steps | Ref./Forms Used |
|---|---|---|
| 1 | Review meeting with client by phone, by virtual or in person. | |
| 2 | AM and client resolve outstanding issues re: documentation, as well as any issues the client has brought up. | Caseware |
| 3 | AM review the Balance Sheet and Income Statement with the client and ensure that the client understands and are comfortable with the numbers, and what they mean. Answer questions about bookkeeping. | Caseware |
| 4 | Review the benchmarking analysis and advise client if they are too aggressive, or if they can maximize deductions. | Benchmarking Analysis Template Sharefile |
| 5 | Discuss Tax Planning, invoice, WIP Summary and future consideration/ planning points. Ensure to provide SD dues date according to payroll remitter type (Regular, Threshold 1 or 2), provide payment for GST/HST and provide corporate income tax payable | Caseware |
| 6 | AM prepares notes from the Review Meeting and records in Issues | Caseware |
| 7 | Record Directors Fees or Consulting Fees, if applicable | Caseware |
| 8 | AM checks CRA for any additional installments after data entry and updates the file | CRA Caseware |
| 9 | Accounting Fees accrual updated, if necessary | Caseware |
| 10 | Check Issues to ensure that comments from review have been added | Caseware |
| 11 | Additional adjusting entries from review meeting entered | Caseware |
| 12 | Tax Returns and related schedules are updates | Caseware |
| 13 | Tax Provision updates | Caseware |
| 14 | AM notes in CRM/Infusionsoft if CPA4IT Professional Corporation or the client will prepare T4/T5 | CRM/Infusionsoft |
| 15 | AM Completes financial planning spreadsheet. This is saved in Caseware and later attached to Accountant’s Copy in Sharefile | Caseware Sharefile |
| 16 | Update client engagement documents 305 and 310 | Caseware |
| 17 | AM files GST/HST Return and uploads CRA Confirmation in Sharefile | W.I 602-12 (2) Sharefile |
| 18 | AM pass the file and Senior AM for final quality control review before finalization | |
| 19 | Update T2 WIP and CPA | CRM/Infusionsoft Stage 5 CPA |
