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.
Bookkeeping For Small Businesses
Embrace faster growth, more revenue with our bookkeeping services for small businesses
We are aware of the challenges you face as the owner of a successful small business. Your time is your most important resource, thus you cannot afford to squander it on activities that will not increase revenue. Cloud-based small company accounting and bookkeeping services are offered across Canada by our team of small business accounting specialists. Our small company accountants and bookkeepers can assist you in setting up the proper procedures, reducing duplication, and increasing efficiency so that you may achieve your income goals as quickly and affordably as possible.
Our licensed, qualified bookkeepers have the expertise and experience to assist you in gaining important insights into the present and future health of your company. We can assist you in selecting, setting up, and managing cloud-based bookkeeping software for small businesses.
This will enable you to save hundreds of hours on bookkeeping and gain access to real-time data that will enable you to make precise, well-informed decisions about where to put your time and money. To survive and grow, small businesses must maintain accurate books. It goes beyond simply balancing the books. Our small company bookkeeping products are made to assist owners of small businesses prepare for the future while saving time in the here and now.
Our Bookkeeping services for small businesses in Canada include:
- • Dashboard Reporting • Software Selection, Setup, and Support • Financial Health Assessments • GST/HST/PST and Workers’ Compensation • Evaluating and Streamlining Bookkeeping Processes • Tracking Expenses and Correlating Receipts • Handling Cash Receipts and Disbursements • Balancing Accounts Receivable and Accounts Payable • Bank Settlements
Why choose Taxccount’s Bookkeeping Services?
Better Budgeting
You can identify where you're spending the most money and making the most money using simple accounting. These crucial numbers help you create an exact budget for the highest ROI. Make wiser business choices
Put Your Business First
Time that would be better spent on administration, sales, and marketing is considerably eaten up by bookkeeping. Leave the bookkeeping to us so you can concentrate on running your business, which is what matters to you.
Prior to making any significant business decisions, be aware of your financial situation. You have access to the statements, reports, and numbers you need with online bookkeeping, giving you more assurance when making choices about the direction of your company.
Reduce Penalties
When preparing tax records, it might be simple to make mistakes. Even a minor mistake might result in severe consequences. Professional bookkeeping in Canada guarantees that there are no errors and that taxes are completed precisely and on time to avoid fines.
The accounting ledger's heyday has passed. We build up a smooth and precise process using our cloud bookkeeping to guarantee that all transactions are correctly classified. We make it simple to obtain and comprehend direct entries by linking them to invoices, receipts, and other financial records. We provide several small company bookkeeping options.
Discuss Your Bookkeeping Related Needs Today.
Our cloud accounting services in Canada may alter the way you prepare for the present and future of your company, regardless of whether you are a small business, SME, or start-up. It's time to put an end to your bookkeeping worry. The bookkeeping specialists at our company are knowledgeable, competent, and ready to assist. Contact us for a free assessment of your bookkeeping requirements.
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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.
