2018-2024 Form

Instructions and help about General Index Of Financial Information – Short

hi my name is Alan Madden I'm a chartered accountant and a tax expert in the Mississauga Toronto in Oakville regions of Ontario Canada today's video is called how to prepare the giffy also known as the tax financial statements completing the gift fee is the most important part of preparing your corporate tax return so let's get started the first step in preparing the giffy is to prepare the income statement in my previous video I showed you an example of a company income statement and balance sheet that I prepared in Excel let's have a quick recap before we start preparing the gift fee in this company's income statement the total sales are $100,000 the expenses are broken up into various categories depreciation car operating expenses and home office the total expenses for this company are twelve thousand eight hundred and fifty nine dollars income taxes totals 13600 as you know income taxes can be obtained from your accountant or by using a corporate tax return preparation software the