We are a small corporation with no employees (incorporated Aug, 2013/ year end 31 Dec). We had an accountant doing our taxes for the past two years. Some of our expense and balance sheet accounts from the FY13/FY14 are not correctly stated. The net impact on income/loss is minimal, if at all. I am handling our own accounts this year and I am very keen on having everything correct irrespective of the extent of final impact. Is there any way to reconcile prior year accounts without actually having them reassessed?
Do I need to inform CRA? Is there a form for that? We intend on hiring an tax-accountant again only after reaching a certain size for our business.
Thanks in advance.