How to apply for GST/ HST credit in Canada?
The Goods and Services Tax (GST) Credit, referred to as the Harmonized Sales Tax (HST) Credit in certain provinces, is a tax-free payment issued by the Canadian government every quarter.
Online Accounting Services
PROVIDING THE BEST ONLINE ACCOUNTING SERVICES FOR BUSINESS OWNERS
In Canada, Taxccount is a leading provider of online accounting services. We serve businesses across the country, offering our services to them. Business management can be made easier with a modern approach and the support of an expert, proactive team. With sound financial reporting, administration, financial analysis, and financial planning, all of our accountants at Taxccount want to help companies better control their finances and grow. Business owners in Canada can access stress-free online accounting services through us. As a result of the online nature of these accounting services, they are even more valuable.
Online Accounting Services
BookkeepingEverything you need to succeed is covered by our online bookkeeping services in Canada. Prepare your year-end statements and tax returns by getting your transactions and bank accounts in order.
Recordkeeping: All of your bank and account reconciliations and income and expense accounting transactions are handled by us on a daily basis.
Financial Reporting: Stay on top of your business's financial performance with ongoing reports, and keep investor and bank statements accurate.
Payroll: With our payroll processing services in Canada, we can assist with workers' compensation filings, T4s, and RL1s, among many others.
Sales Tax: Regardless of your sales tax filing frequency, we will handle it for you, including input tax credits as well as quarterly or annual HST filings.
Corporate Tax
We have tax experts who can help you with any tax issue you may have. When you hire a tax professional, you can focus on growing your business instead of worrying about taxes. By planning transactions, cash inflows, and outflows, and leveraging hundreds of potential tax credits available to corporate taxpayers, we can significantly reduce the corporate tax burden. This allows our clients to save money. Our team can help you maximize any tax deductions and credits you're entitled to so you can keep more of your hard-earned income.
Financial Reporting
You can count on us to prepare financial reports that will help you succeed, whether they are for auditors, investors, or banks.
Income Statement: Identify where your money comes from and where it goes and whether your business is generating income.
Balance Sheets: Assess the assets your business owns and possesses as well as how it is utilizing them.
Management Reports: Know how much inventory you have, which products are selling and their quantity, and any other information you need to know.
Virtual CFO
With a finance professional on your team, you'll be amazed at how much your business can profit. Calculation of the necessary external financing, identification, and evaluation of financial options, business loans, working capital requirements, access to credit, and negotiations with banks and investors. Having an experienced financial advisor by your side helps to make the right strategic decisions regarding sustainability and scalability. Tax Planning
Taxccount helps to reduce the tax burden by optimizing your company structure and analyzing whether it makes sense to pay a dividend, a salary, or a combination of both. If your organization has undergone a change or reorganization, we can work with you on the tax side. Or if you are planning an exit or sale, Taxccount can offer assistance in completing the paperwork and discussing the appropriate approach to deferring and minimizing the tax burden. In addition to personal tax planning and tax return preparation, we also take care of tax returns for our customers.
Online Accounting Services in Canada
With our commitment to meeting the needs of all of our customers, we offer a wide range and depth of services. Our years of experience mean we can always help your business, whatever your needs are. Taxccount's mission is to eliminate all pain points in accounting, payroll, and taxes and ensure everything runs as smoothly and efficiently as possible. The recipe starts with getting to know you and your business better, and we need to make sure we're the right match for others before we get started. We will work together to create an accounting process that meets the specific needs of your business.
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Suite 250 997 Seymour St. Vancouver BC V6B 3M1 Canada
Suite 305 381 Front St w Toronto, Ontario M5V3R8, Canada
What Our Client Say
Taxccount has been our primary tool for several years. They were the crucial component we were searching for! Our entire business has been made simpler by their bookkeeping, and tax season is no longer as difficult. Over the years, the accountants and bookkeepers have all offered us unmatched guidance and tax planning that has helped us save money and time. We anticipate continuing our relationship with Taxccount for many years.
Kris Sharma
We are quite grateful to the accountants at Taxccount. Being a small enterprise, we have got the sufficient finances or time to hire an in-house bookkeeper and we have spent years muddling through on our own. The first month after deciding to work with Taxccount for payroll and accounting services, it was as if a weight had been removed! Since we are involved in providing an ecosystem for businesses, Taxccount’s accounting services come in extremely handy for us and make our job much easier.
Sudhith PD
Our staff now depends heavily on Taxccount’s services. Without them, I can't fathom how well my business would operate. They assisted me in maintaining my highly erratic bookkeeping and organizing it so that when December rolls around, neither my employees nor I would be in a panic. We never imagined that the tax season would go well, but Taxccount made it much easier than in previous years. I can't speak highly enough about their professionalism and experience!
Daljeet Singh Bhatia
For the filing of our company's taxes, we rely on Taxccount’s tax-related services. We discovered that tax filing had suddenly become too hard for us to do alone as our business and workforce expanded. The tax accountants have greatly reduced our amount of taxable income by locating tax benefits for us that we never would have discovered on our own. They collaborated with us all year long to provide advice on potential strategies for long-term tax minimization. We were so pleased with the tax preparation and planning services provided to our business that I asked them to also handle the personal taxes for my family.
Prashant Sharma
Our Blog
20 popular Canadian tax deductions and credits in 2023
The taxation system of each country is different. If you have just moved to Canada and are still figuring out the tax system, then this chapter will be really helpful for you. You will understand in detail about the 20 most popular Canadian tax deductions and credits relevant in 2023.
Taxes for new Canadians: Step-by-step guide for filing your taxes
If you are a newcomer in Canada and are filing your taxes for the first time, it can be a daunting and overwhelming experience. But when you have the right information, the process gets easier.
Are you required to file an income tax return?
When you generate income through employment, your employer is required to withhold tax installments from each paycheck and forward them to the Canada Revenue Agency (CRA).
Tax breaks for newcomers in Canada
Moving to Canada might seem to be an easy decision considering the vast opportunities it offers. But the one thing that most people tend to forget is the taxation system. Gaining insight into the functioning of income tax in this context can enable you to utilize tax advantages, which encompass potential financial benefits through government payments.
What is eligible dividend in Canada?
Dividends represent the distributions made to investors from a company's profits. Among these dividends, some are categorized as eligible, while others are termed ordinary or ineligible dividends.
