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.
E-commerce Accounting Solutions
Providing solutions for your e-commerce businesses
It's possible to save money and earn more money if you change your approach to selling online, whether you're an online hobby seller or a primary business owner. Your independent business can be turned into a money-making machine if you work with Taxccount, as you'll be able to get all the tax write-offs and deductions you deserve and make sure you're complying with sales tax laws and cross-border tax laws as you do so.
The Taxccount team understands how challenging it can be to maintain a positive relationship with your customers on a daily basis. It takes time to find capable employees and partners. The challenges you face every day should not include accounting. E-commerce accountants are extremely difficult to find. Technology has left most accountants behind. Taxccount provides entrepreneurs, startups, and agencies with access to qualified accountants who speak their language.
Steadfast Accounting and Bookkeeping Services for E-commerce Businesses
No matter what platform your e-commerce store is on, managing your finances properly is crucial. This is where a Taxccount e-commerce service in Canada comes from, and here's why:
You may have to spend a lot of money on taxes. You risk underpaying or overpaying if the job isn't done correctly, and you could get in trouble with the IRS if you pay less than you owe. And if you've overpaid your debts, your business can be under financial strain.
Your income is essential for calculating your income taxes. So if your accounting is wrong, the taxes your e-commerce store incurs will be inaccurate
For the good of your business, you need to strategically structure your e-commerce store to maximize your tax structure.
Accurate and regular performance data is key to the success of your business.
Services for E-commerce Platforms
Nowadays, selling products is not as critical as applying technology. Knowing your customer is more important than providing services. Serving a niche is more meaningful than driving sales. Do you think it's a suitable fit for your company? Do you sell products, foster creativity, and establish relationships?
Amazon
Amazon Sellers in Canada can get back to serving their customers when they partner with us to manage the day-to-day of the business. With our help, you don't have to worry about accounting, payroll, inventory management, or complex tax preparation. As you build your Amazon storefront, let us handle all the accounting.
eBay
Bringing products to market internationally on eBay can be a challenging experience for eBay sellers. In many cases, charging customers and remitting sales tax in an appropriate manner can be a challenging and overwhelming task to manage. With Taxccount e-commerce tax accountants, you can minimize your bottom line impact while meeting all tax obligations.
Shopify
Whether you have a start-up or a store with millions of customers, we are proud to work with Shopify store owners. As well as financial statements that are seller-friendly, we can integrate cloud technology and streamline your document processes.
Woocommerce
There are a bunch of e-commerce software options available with Woocommerce. However, some of these options can be a bit cumbersome to understand and implement. The team at Taxccount never lets you feel overwhelmed when it comes to managing your Woocommerce store.
Squarespace
It's no surprise that Squarespace features some of the most robust e-business accounting integrations and customizations because it's one of the Internet's largest e-commerce platforms. With Taxccount, you can navigate the complicated information provided so that you can make effective business decisions based on your financial summaries.
All-inclusive Accounting Services For eCommerce Players
Every e-commerce business's needs are different. Your business will benefit from personalized, best-fit solutions based on our in-depth analysis of your organization.
- Customized bookkeeping workflows
- Bookkeeping and accounting services
- Sales Tax returns across Canada
- Financial Statements
- System setup, training, and support
- Business tax returns
- Cash flow management
- Expense tracking
- Payroll processing
- Budgets and financial projections
Optimize Your Profits With Taxccount’s Accounting Services
Our Taxccount accountants in Canada are experienced in handling cross-border accounting so that you can maximize profits from your online sales. In addition to helping Squarespace, Shopify, eBay, and Amazon sellers create sustainable businesses, we assist them to follow all tax codes. We also help them formulate the most effective strategy for a profitable future.
Our team of professionals helps major online store owners stay organized and compliant with all the relevant tax laws. This is, regardless of whether you manufacture, sell, or drop ship your products. You can focus on growing their e-commerce business in Canada while we take care of all the things.
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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.
