Ottawa Corporate Tax Return – Income Tax Preparation for Small Business and Corporations

We can handle all aspects of your business’s taxation, including full-cycle accounting, financial statements, annual tax returns, GST filing, T4 / T5 filing, payroll source deductions, identifying tax deductions, and other relevant services such as contact with the Canada Revenue Agency (CRA)

Are you the proprietor of a small company or considering starting one? You’ve had a few inquiries! We can assist you with the following issues: Is a Federal Tax Identification Number (FEIN) Required? , Deductions are permitted for costs incurred when working from home. If appropriate, pay a family member’s earnings or salary. Is it better to incorporate your company or not?, Obtain a GST number by filling out an application. Do you have a regular job or do you work as an independent contractor? , What should you do if your company has to shut down?

All resident companies (excluding Crown companies, Hutterite colonies, and registered charities) are required to submit a corporate income tax return with the Canada Revenue Agency (CRA) each fiscal year, even if no tax is due.

Firms that are no longer in business include non-profit organizations, tax-exempt companies, and inactive businesses. Small firms have six months from the end of the fiscal year in which they operate to submit their company tax returns. Taxes, on the other hand, must be paid three months after the fiscal year has ended.

All of your company’s tax-related duties may be handled by Bomcas Accounting and Tax Services. Whether you’re just establishing a small company or have been in operation for a while. Any tax advice, we can assist. To get started, please contact us as soon as possible.

• Full cycle bookkeeping
• Financial Statements
• Annual Tax Returns
• GST Filing
• T4 / T5 Filing
• Payroll Source Deductions
• Finding deductions to minimize your taxes
• Correspondence from Canada Revenue Agency
• Personal Tax Preparation and Electronic Filing
• T2 Corporate Tax Preparation and Electronic Filing

We can manage all aspects of your company’s taxes, including:

Do you own a small company or are you considering starting one? You’ve got questions! We can help you with anything listed below:

• Do you need a Business Number?
• Deductions for home office expenses
• Pay salary / wage to a family members
• Incorporate or not?
• Register for a GST number
• Are you an employee or self employed?
• Your business stops operating – what to do?
• General ledger & financial statement preparation
• Bookkeeping (Monthly / Quarterly / Annual)
• GST Preparation & Electronic Filing
• Payroll, T4 / T5 Slip Preparation
• Accounting system setup for new businesses
• Compilation of Financial statements
• Corporate Year End Preparation

Even if no tax is owed, all resident companies (excluding Crown corporations, Hutterite colonies, and registered charities) are required to submit a corporate income tax return each tax year. This includes the following:

• non-profit organizations;
• tax-exempt corporations, and
• inactive corporations.

Corporate tax filings for all businesses ad small businesses are due six months after the fiscal year ends. Taxes, on the other hand, are payable three months after the fiscal year ends.

We are Bomcas Canada Accounting and Tax Services providing Tax Accountant services Ottawa Ontario Canada with Personal & Corporate Tax Preparation, Accounting & Bookkeeping Services, Tax Returns, Corporation Annual Return Filing, Small Business Taxes. For more information on Corporate income Tax please click here. Bomcas Income Tax Preparation for Small Businesses and Corporations.