Helping with taxes for essential workers and local businesses
Helping with taxes for essential workers and local businesses
With tax deadlines being extended for individuals and businesses till June and September, you’d imagine things would slow down for organizations providing tax services. As we found out, that’s not exactly the case. On the contrary, many of us require professional advice more than ever to make some important decisions in the light of new COVID-19 -related government programs and initiatives .
Emma Nguyen is one of the essential workers who help individuals and businesses to navigate through various financial bumps along this uncertain road. She’s an accountant for a tax consulting and accounting company in North Vancouver.
Emma, as well as many other essential workers in Metro Vancouver, relies on public transit to get to work. During the pandemic, Emma switched to a multi-modal commuting to accommodate for her personal circumstances. She carpools with her friend in the morning to get to North Vancouver and in the evening uses bus and a SkyTrain to go back home.
Emma, can you tell us more about your work?
Our organization provides services to individuals, as well as small to medium-sized businesses, in different fields ranging from hospitality and commercial sectors to law and professional services. Some of our clients are frontline and essential workers, such as doctors, dentists and people who are operating local businesses and stores. We help individuals and businesses stay compliant with government and industry standards – so we help them with tax returns and GST returns in addition to tax consulting and accounting services.
We know that the tax returns have been postponed till June, but it seems that it’s still a quite busy time for companies likes yours?
Yes, that’s right. The tax returns have been delayed until June 1st and payment deadlines until September. You know, these days people are worried about their finances. If they file the returns or payments earlier, they can receive refunds or just plan for the cash flow. Also, the requirements for some of the government relief programs are based on tax returns. So if you have this information early on, you can decide if you qualify. This is really important for our clients and their long-term planning.
Busy time! So I imagine most of people would need to come and work in the office?
Yes, my colleagues and I still come to the office to work. For tax consulting firms that really depends on their culture and IT systems in place. A lot of our tasks involve physical documents, since our company is not entirely paperless. Also, since we are in consulting, our work involves a lot of communication. For junior staff, like me, we work closely with our managers and senior staff.
How have things changed for your company during COVID-19?
Because we are handling physical documents, we make sure to follow some safety measures, such as not touching documents for at least 24 hours and washing hands before and after. Our company is relatively small, but we are also make sure to maintain physical distancing. There are about 10 people right now working on one floor.
What would your message be for other essential workers and just everyone who is going through this challenging time?
I think COVID-19 has made us conscious about every little thing that we took for granted before. I really appreciate everyone’s efforts these days, whether they’re staying at home or going to work. It’s a challenging time for all of us. If you are an essential or frontline worker, I hope you’re staying safe!
A lot of people are feeling worried and anxious about the current situation. I felt the same way (my family lives outside of Canada), and I guess one advice that I have for everyone is to try to maintain some kind of schedule or routine. In my situation, my work helped me to do that (smiles).
In the light of recent service reductions, we’re asking all of our customers to use transit for essential trips only – especially at peaks hours and busy times – so space remains available for those, like Emma and Laura, who need it most. You can find more information about peak hours on transit here.