Edmonton Best Accounting Corporate Tax Accountants Services

Necessary Corporate Tax Accounting services

Below is a rundown of corporate tax services for which none is more resourceful than a corporate tax accountant.

Tax Preparation and Filing Services

Tax filing is a daunting topic for the majority of business owners. Running a business means you already have lots on your plate. However, that does not exclude you or spare you from filing the corporate tax within the deadline. You have to keep on top of the deadline and changes in tax rules. 

The process is overwhelming without any doubt. But nothing to worry about it! To help to make the process less stressful for you, corporate tax professionals can do it on behalf of your business. 

• Personal information
• Financial Business Reports
• Previous Year’s Tax Return (if any) 
• Tax Forms
• Asset Information
• Income Records
• Expense Records
• Loan Information
• Deductible Expense Information
• Inventory Total
• Payroll Data
• Stocks & Bonds Information

GST Preparation and Filing

GST or Goods and Services Tax is an exceptional tax identification number assigned to a business by the CRA (Canada Revenue Agency). You can use this business number to report, collect, remit GST or HST (Harmonized Sales Tax) to the CRA. It also helps to identify the business activities of a company with the CRA, for example, corporate income tax or payroll deductions.  

The HST/GST number is a part of your business number (BN). In case you don’t have it, you need to assign one to register for GST/HST number.

CRA Audits

The audit conducted by the CRA is a thorough examination of a business’s records and books. It makes sure that the business has fulfilled the tax obligations respecting income tax, deductions, payroll remittances, employee benefits, and GST/HST.

The CRA audit is a threat for any business. In order to stay CRA-compliant corporate tax professionals can help you. 

Bookkeeping

Maintain a business book regularly is one of the most important tasks for any business. While it seems pretty easy and no need for any accounting expert, it may become a weekend task due to lack of time as the business grows. So, leaving the task over to the experts will be peace of mind for you and ensures your business stays organized.     

Don’t compromise corporate tax accounting in Edmonton, as it can leave your business at risk. Rather assign a good tax accountant for all corporate tax services.