Reduce Compliance Burden by Using The CRA’s Mobile App For Small Business

by Craig Anthony

3 min read

Compliance has become a four-letter word in some small businesses. It takes time away from thinking about value-added activities to grow sales and operations. In addition to the time it takes to adhere to all the new regulations, it also costs money. Still, failure to pay your taxes can lead to some dire legal and financial consequences, so you have to pay attention to the details, especially critical tax dates. Wouldn’t you like to know a way to reduce your compliance burden? You aren’t alone, and the Canada Revenue Agency (CRA) is listening. Specifically, the CRA is working to reduce the red tape for Canadian businesses with regard to tax obligations, especially for small- and medium-sized businesses. One of the most beneficial tools offered by the CRA is the Business Tax Reminders App which allows small businesses to create reminders about important tax dates, such as instalment payments, returns, and remittances. With this app, you never have to worry about missing an important tax date again.

Who Is The Business Tax Reminder Mobile App For?

The Business Tax Reminder Mobile App is specifically recommended for small- and medium-sized businesses with revenue less than $20 million and less than 500 employees. In other words, don’t use this app if you run a nonprofit or a business with a complicated tax situation. This app is meant to help users remember simple tax obligations.

How Does The App Work?

The Business Tax Reminders App works by sending pop-ups and calendar reminders to you regarding tax due dates. The app is available in English and French and is compatible with Apple (iPhone, iPad, and iPod touch), Android (requires Android 4.4 and up), and BlackBerry. The CRA also provides a link to the downloads here.

What You Need To Know About Set-up

After you download the app, follow the instructions and input the requested information. You do not need a My Business Account (MyBA) to use the app, and your personal information is not shared with the CRA. Reminders for calendar dates are set for a maximum of five years, which you can decide when you first set up the app as well. The information entered during set-up is used to determine what kind of business you have and which tax dates correspond with your business profile. Tax due dates include instalment, return, and remittance due dates. Instalment due dates are for corporate income tax and goods and services tax/harmonized sales tax (GST/HST) accounts. Return due dates apply to GST/HST return, T2 corporation income tax return, T4 information return, T5013 partnership information return, and T1 income tax and benefit return. Remittance due dates are for payroll and GST/HST accounts.

Custom Features

The Business Tax Reminder Mobile App is based on the feedback of small- and medium-sized businesses like yours. The primary request from business owners was that the tool:

  • Create custom reminders for important tax due dates related to instalment payments, returns, and remittances.
  • Customize and tailor the reminder system to deliver reminders as calendar or pop-up messages.

The operative word is customized. Business owners wanted the ability to customize features, which saves time in the long run. While there are limits to the number of reminders you can set for yourself, the limit is set by your mobile device. For example, Apple operating systems limits the number of pop-up alerts to 64. The good news is that if you get something wrong or enter the wrong information, you can always relaunch the app. Compliance and regulation can make you rethink your business plan, but don’t fret. There are ways to minimize the pain with apps that help to remind you about critical tax dates. The Business Tax Reminders Mobile App is specifically designed to help you never forget about Canada’s tax obligations. Automated reminders mean there’s one less thing to worry about, so you can focus on your business, not regulation.

References & Resources

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