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.
For Small Business & SME
MANAGE YOUR SMALL AND SME BUSINESS WITH OUR WORLD-CLASS SERVICES
Small businesses have had to file taxes in Canada for a long time. With Taxccount, small business owners in Canada can manage their finances, pay their staff, and save money when it comes to filing taxes. In addition to maximizing your deductions, our Small Business accounting services can also help you increase your profits. To provide you with a better value for your money and to be able to offer you a better value for your money, we strive to maintain our prices on average lower than those of other tax service providers in Canada. Taxccount's service plan will be customized to fit the business goals and budget of your organization. We can advise you on taxes and assist you in understanding your reporting and installment deadlines. As a result of that, we have had the opportunity to see and work with a wide range of businesses in a variety of industries. Therefore, you can be sure that we will do an excellent job for you and keep you on the right track.
When to pay Corporate Tax in Canada?
The business must pay its corporate income tax in installments over the year. This is once they have determined the total amount of taxes owing for the previous year. To ensure that your business owner pays all of the taxes you owe for the year, you are required to pay the balance within two or three months after the end of the year based on the circumstances of your business. The payment of income tax should be made within three months of the end of the tax year if you are a small business in Canada. You should file the small business deduction. A payment is considered to have been made by the tax department when it is received, not when it is mailed.
Services for Small Business & SME
At every step of the process, we are committed to providing our clients with advice from a range of professionals and are determined to offer full support, year-round assistance, and reliable advice at every stage. We are committed to addressing the specific needs of each of our clients.
Bookkeeping: Our business accountants in Canada keep track of your daily business transactions, receipts, and bills, as well as regularly check your accounts.
Tax accounting and filing: It is our goal to assist you in preparing and paying your taxes, identifying tax savings, and assessing other tax-related factors that your small business might encounter, such as the best way to save money and how to complete all your tax returns accurately and timely.
Advice for business: We understand what makes a business work and what holds it back. We can help you develop professional financial projections that will help you design your business plan. This is based on what we understand about businesses and the things that keep them in business.
Tax planning: We do what it takes to ensure that you stay on the right side of the accountant and of the CRA's radar. Taxccount team knows when and how to complete tasks.
Payroll processing: A company's payroll represents a sizable portion of its total expenses. Therefore, ensure that the payroll accounts for a significant part of the costs incurred by a company. Our payroll service in Canada ensures that our employers have access to accurate and up-to-date payroll information on time.
Financial statement preparation: If your financial statements aren't accurate over time, your small business could face financial difficulties. To help you make smart business decisions, Taxccount experts spend a lot of time analyzing business documents.
Services for Small Business and SMEs in Canada
You want to make sure that when you are searching for a firm that offers accounting services, you are dealing with accountants who are experienced, reliable, and professional. There is no doubt that Taxccount in Canada is the right choice for your small business. A team of certified public accountants with years of experience work with you and provide you with the finest quality accounting and bookkeeping services, taxation services, and tax preparation services delivered with the personal, friendly service you deserve as an individual, family, or business in Canada.
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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.
