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.
As a full-service cloud accounting and bookkeeping company, Taxccount provides a wide range of cloud & virtual accounting and bookkeeping services to meet the needs of your company. Your company can choose to gain major advantages and experience efficiency if you switch to a cloud accounting solution.
Small firms and freelancers are increasingly integrating cloud accounting and bookkeeping into their operations. Small firms may benefit from automation, strong technology, and updated training through cloud accounting, which are typically difficult and expensive to execute internally on a small scale.
Taxccount is aware of the complicated needs customers confront thanks to its specialists who offer accounting, tax, assurance, and consulting services across Canada and its solid track record of assisting small and mid-sized businesses to thrive. They gain from a qualified 360-degree picture of the business operation based on informed insights and substantial domain knowledge. We are a one-stop shop for all information, resources, and business requirements. While assisting our clients in concentrating on developing their businesses, we offer human solutions.
We employ a team approach backed by industry experience to provide specialized, fast, and reliable professional bookkeeping. Clients collaborate with a committed team of experts that offer timely touchpoints to guarantee a seamless transition as well as advising knowledge all year long. To guarantee accuracy and compliance, Taxccount experts analyze each file once a month.
We guarantee a personalized experience with Taxccount. The area is equipped with cutting-edge technology and is connected with the whole accounting system, making it possible to share documents securely, collaborate, and have quick, secure access to important data including bank balances, cash flow, income, and spending. As a result, we are able to collaborate with customers and their team in the manner that they want, using any place, any time, and any device.
Because of the simplified, standardized procedures and systems provided by the cloud, our virtual accounting services are priced at a fraction of what traditional in-house bookkeeping would cost. Most business owners are unaware of the true expense of hiring an individual to do their bookkeeping. The cost of a bookkeeper is the total of their salary and administrative expenses.
In addition to benefits and office expenses, overhead costs also include expenditures related to mistakes, the time it takes to employ, train, oversee, and provide cover for absences. Businesses may have overhead expenses for bookkeeping that are 1.5 times the bookkeeper's hourly rate. Outsourced bookkeeping eliminates all of those expenses, making it less expensive than hiring an internal employee.
Consult Taxccount today to know more about our cloud & virtual bookkeeping services.
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.
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.
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!
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.
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.
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.
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.
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).
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.
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.