Mastering Your Finances with a Reverse Tax Calculator
A reverse tax calculator is an online tool for calculating pre-tax income, depending on the desired, or given, post-tax income, tax rate, etc.
GST Return Filing Services
HELPING BUSINESSES FILL THEIR GST RETURN ON TIME
GST is a tax on most Canadian goods and services. It is imposed on most supplies made in Canada. A GST also applies to many intangible goods and services, such as trademarks, patent rights, and digitized products that are downloaded and purchased individually from the internet.
You must apply to the Canada Revenue Agency for a GST number if you operate a small business and you want to claim GST credits. In the course of the GST filing period, GST registrants are required to submit a GST return to report the taxable sales they made during their period of submission.
The financial well-being and growth of a business are directly related to GST filing in Canada. In addition to helping corporations, small businesses, and self-employed individuals file GST, Taxccount also assists individuals in preparing their tax returns. Our team knows how vital it is to comply with CRA GST regulations, and how penalties can affect your bottom line and business operations. Tax planning can be more effective when you use the services of a professional GST filing service in Canada.
GST Filling Deadlines in Canada
It is important for you to keep in mind the deadlines for filing your GST taxes as a taxpayer, one of the most important things you should do. There is a strict deadline set by the Canada Revenue Agency for the submission of tax returns and payments. In addition to preventing interest or penalties, filing your GST return on time allows you to receive your refund more quickly.
- A monthly or quarterly reporting period requires the filing and remittance of returns and amounts due within a month of the end of the reporting period. The quarterly filer must file the return and pay any dues by July 31 if the return covers the April 1-June 30 periods.
- In the case of an annual filer who has a fiscal year ending on March 31, the annual return would be due by June 30 of the following year. In addition, it would be necessary to remit any amounts owed by that date.
- In the event the reporting period for your business is an annual one, you are usually required to submit your returns and remittances no later than three months after the end of your fiscal year, although financial institutions have some exceptions related to their reporting requirements.
- In certain circumstances, however, there is an exception to the three-month rule for annual filers - sole proprietors with a calendar year that ends on December 31. These sole proprietors are allowed to file GST returns for their calendar year on a regular basis. The GST remittances that were owed to the federal government by the end of the year are still due to be paid to the federal government by the end of April.
Checklist for GST filling in Canada
The monthly reconciliations need to be completed and the GST filing deadline must be reached in order for the GST to be filed, regardless of the filing period. Reconciliations can be completed by your bookkeeper with the following information:
- Sales invoices
- Receipts and invoices for purchases
- Bank Statements
- Credit Card Statements
- Line of Credit Statements
- Loan Statements
Providing GST Filling Services in Canada
Filling out paperwork is only one part of the GST return filing process in Canada. You could be better off spending your time growing your business instead of collecting documents, completing GST forms, filing, and paying each return period. With Taxccount, we understand the different GST filing methods and how to take advantage of the most beneficial tax rates. We ensure our clients follow the most appropriate strategy for their tax filing.
The GST return filing services in Canada we offer are geared not only to help you prepare your GST return but also to help you incorporate it into your overall financial strategy and plan. Taxccount GST returns filing services in Canada will make sure you file your GST return correctly and on time.
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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
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