Edmonton Alberta Tax services

Because of the dedication of professionals in the tax and accounting industries, the company is well-known among consumers and the Canada Revenue Agency (CRA) for providing tax and accounting services such as:

An accounting company that specializes in the preparation of year-end financial statements, payroll processing, bookkeeping, GST filing, individual tax returns, T4 and T5 forms, tax planning, and tax counselling for individuals and businesses.

When you engage with the Bomcas Accounting team, you will get unparalleled service, and they will fully review the financial position of each customer on an annual basis. We understand that things happen in life, and we strive to make the tax load as light as possible.

SERVICES TO COMMERCIAL ENTITIES

Extensive accounting systems, accurate review procedures, day-to-day bookkeeping, payroll, and the timely filing of annual returns and corporate taxes are all required for businesses to operate smoothly and productively.

Because we are a small business, we are familiar with the difficulties of taxes and cash flow management, and we have built our reputation on providing our customers with precise, polite, and cost-effective solutions.

THERE ARE BOOKKEEPING SERVICES AVAILABLE.

Annual tax returns, financial statements, and other business reporting are all reliant on accurate accounting and records kept by any business, whether it is a sole proprietorship, a limited liability company, or an S-corp.

Bomcas Accounting maintains a current grasp of generally accepted accounting principles (GAAP) and may offer a wide range of bookkeeping services, including but not limited to the following:

Preparing bank reconciliations, trial balances, and cheque payments in order to comply with Canada Revenue Agency (CRA) reporting criteria Creditor and debtor reports are being created, and financial situations in the past and present are being tracked and compared.

PAYROLL SERVICES AND OTHER RELATED PRODUCTS

Bomcas Edmonton Alberta Accounting and Tax Services offers a selection of simple, easy payroll services that may be tailored to meet the individual needs of business clients. Working with an efficient and reliable payroll system ensures that employees are paid properly and on time, that the proper T4 and T4A slips are generated, that monthly source deductions are recorded, and that correct payroll reports are generated as required. The following information may be included in these reports, but is not limited to, the following:

Deductions for the Compensation and Pension Plan (CPP) and Employment Insurance (EI) are recorded in the payroll register. Vacation Accrual Report Source Deduction Remittance Summary Report – General Ledger Summary Report Source Deduction Remittance Summary Report

SERVICES IN THE AREA OF CORPORATE TAXATION

Preparing T2, T4 and T5 tax returns, identifying ways to reduce long-term tax burdens, strategizing based on the tax implications of proposed transactions, communicating on their behalf with provincial and federal tax authorities, preparing provincial tax returns as well as corporate federal T2 income tax returns, preparing quarterly and annual GST returns, and complying with tax laws are some of the services we provide.

Bomcas Edmonton Alberta Accounting and Tax Services aids small and medium-sized enterprises in positioning themselves for future growth, helping them to lower their tax costs while simultaneously increasing the value of their assets. Staff members are well-versed in tax deferral, improved tax accounting, and other methods of managing a company’s affairs, enabling them to help clients in receiving the most possible tax advantages from their investments.

Financial goals, profitability, and long-term success of a business are all directly affected by accounting and tax laws; nevertheless, understanding and complying with the appropriate laws may be challenging, especially in the context of complex corporate tax legislation.

A proactive, hands-on approach is used by accountants at Bomcas Edmonton Alberta Accounting and Tax Services when it comes to thoroughly evaluating a company’s tax obligations and customizing solutions to satisfy those needs. Staff members are equipped with the skills and information necessary to adapt their approaches as circumstances dictate, to provide timely recommendations, and to provide guidance to businesses that are in risk of falling out of compliance with rules.

INVESTIGATING AND EVALUATING FINANCIAL STATEMENTS

Bomcas Edmonton Alberta Accounting and Tax Services ensures that their clients’ financial accounts are current and correct, therefore providing essential decision-makers with accurate and up-to-date financial statements. Staff with a wealth of knowledge and expertise aids with the preparation:

Financial statements include income statements, cash flow statements, statements of changes in equity, and statements of financial status, to name a few examples (balance sheet).

In order to be successful, businesses rely on accurate financial statements that are kept up to date with current events. When it comes to purchasing, leasing, hiring, financing, and a variety of other operations, the information included inside these documents is quite valuable in making decisions.